EUR/USD: “Policy to remain accommodative for as long as necessary”, hints ECB Chief, Draghi

EURUSD Movement For the 24 hours to 23:00 GMT, EUR rose 0.26% against the USD and closed at 1.3607, after the European Central Bank (ECB) left its benchmark interest rate unchanged at 0.25% and after a report showed that the … Continue reading

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EUR/USD: Euro trading marginally higher ahead of the ECB monetary policy meeting

For the 24 hours to 23:00 GMT, EUR declined 0.34% against the USD and closed at 1.3571, after official data indicated that unemployment in the region continued to remain unchanged at a record high for a seventh consecutive month. A … Continue reading

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EUR/USD: Consumer inflation in the Euro-zone unexpectedly declines in December

EURUSD Movement For the 24 hours to 23:00 GMT, EUR declined 0.10% against the USD and closed at 1.3616, following lower than expected consumer inflation in the Euro-zone. The US Dollar advanced against the Euro amid mixed signals from key … Continue reading

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EUR/USD: Euro trading marginally lower ahead of Euro-zone’s consumer inflation and Germany’s unemployment data

EURUSD Movement For the 24 hours to 23:00 GMT, EUR rose 0.25% against the USD and closed at 1.3630. The US Dollar gave up ground against the Euro after a report from the US showed that the ISM non-manufacturing PMI … Continue reading

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EUR/USD: Euro trading lower ahead of Germany’s consumer inflation data

EURUSD Movement On Friday, the EUR declined 0.45% against the USD and closed at 1.3603. The US Dollar gained ground against the Euro after two of key Fed policy-makers highlighted the possibility for a further slow-down in the pace of … Continue reading

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EUR/USD: Euro-zone’s manufacturing PMI advanced to a 31-month high in December

EURUSD Movement For the 24 hours to 23:00 GMT, EUR declined 0.73% against the USD and closed at 1.3665, amid a broad strength in the greenback. However, losses in the Euro-zone’s single currency were capped after Markit Economics reported that … Continue reading

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EUR/USD: Euro trading lower ahead of Euro-zone manufacturing PMI release

EURUSD Movement For the 24 hours to 23:00 GMT, EUR rose 0.15% against the USD and closed at 1.3766, amid passive trading with most investors limiting their trades on account of a holiday. On Tuesday, consumer confidence in the US … Continue reading

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EUR/USD: Low-interest rates cannot continue forever, indicated Germany Finance Minister

EURUSD Movement For the 24 hours to 23:00 GMT, EUR rose 0.41% against the USD and closed at 1.3808. The US Dollar lost momentum, on the back of disappointing pending US home sales data. According to the National Association of … Continue reading

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EUR/USD: ECB’s Weidmann warns of low interest rate risks

EURUSD Movement On Friday, EUR rose 0.50% against the USD and closed at 1.3763, following upbeat economic releases from France, Greece and Spain. The Euro also received support, after German Bundesbank President and a member of the European Central Bank’s … Continue reading

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EUR/USD: US jobless claims post the biggest drop since November 2012

EURUSD Movement For the 24 hours to 23:00 GMT, EUR rose 0.18% against the USD and closed at 1.3695. In the US, the labour market showed strengthening signs after data indicated that initial jobless claims in the US declined to … Continue reading

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EUR/USD: Tapering was right decision, says Fed’s Lacker

EURUSD Movement For the 24 hours to 23:00 GMT, EUR rose 0.15% against the USD and closed at 1.3698. On the macro front, the import price index in Germany rose 0.1% on a monthly basis in November, compared to a … Continue reading

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