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EUR/USD: ECB slashes inflation forecast even as it holds steady on policy
EURUSD Movement For the 24 hours to 23:00 GMT, EUR rose 0.61% against the USD and closed at 1.3669, after the European Central Bank (ECB) left its key interest rate unchanged. Meanwhile, the ECB Chief, Mario Draghi downplayed deflation risks. … Continue reading
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EUR/USD: Euro trading higher ahead of the ECB interest rate decision
EURUSD Movement For the 24 hours to 23:00 GMT, EUR marginally declined against the USD and closed at 1.3585, after mixed Euro-zone service sector data. The service sector activity in Germany rose to a seasonally adjusted 55.7 in November, compared … Continue reading
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EUR/USD: Traders await Euro-zone’s GDP data
EURUSD Movement For the 24 hours to 23:00 GMT, EUR rose 0.36% against the USD and closed at 1.3592, after an official data reported that the unemployment in Spain unexpectedly eased by 2,475 in November, as compared to a rise … Continue reading
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EUR/USD: Euro extends its losses in the Asian session
EURUSD Movement For the 24 hours to 23:00 GMT, EUR declined 0.32% against the USD and closed at 1.3543, as the latest batch of mixed manufacturing data from Euro-zone’s periphery nations fuelled fresh concerns on the economic recovery of the … Continue reading
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EUR/USD: Euro-zone’s CPI surpassed expectations for November, unemployment rate unexpectedly ticked down in October
EURUSD Movement On Friday, EUR declined 0.13% against the USD and closed at 1.3586, as risk-appetite among investors reduced after the European Central Bank (ECB) warned the government of the Euro-zone periphery nations about the dangers of “market shocks” resulting … Continue reading
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EUR/USD: Consumer confidence in the Euro-zone unexpectedly surged in November
EURUSD Movement For the 24 hours to 23:00 GMT, EUR rose 0.23% against the USD and closed at 1.3604, as risk-appetite among investors increased after the European Commission reported that consumer confidence in the Euro-zone unexpectedly surged to a reading … Continue reading
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EUR/USD: “Indicators measuring systemic stress in the Euro-zone has fallen back to pre-crisis level”, indicates ECB’s report
EURUSD Movement For the 24 hours to 23:00 GMT, EUR rose marginally against the USD and closed at 1.3574, as risk sentiment got a lift, amid improving political situation in Germany and Italy. In Germany, Angela Merkel and the centre-left … Continue reading
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EUR/USD: Euro important to China’s reserve management, says PBoC Governor
EURUSD Movement For the 24 hours to 23:00 GMT, EUR rose 0.25% against the USD and closed at 1.3567. The US Dollar gave up ground against the Euro, after an official report revealed that consumer confidence index in the US … Continue reading
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EUR/USD: “Interest rates could remain low for an extended period, or even lower if need be”, says ECB’s Christian Noyer
EURUSD Movement For the 24 hours to 23:00 GMT, EUR declined 0.13% against the USD and closed at 1.3533, after the European Central Bank (ECB) Governing Council Member, Christian Noyer, highlighted the risks of a prolonged low inflation to the … Continue reading
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EUR/USD: German economy grew 0.3% in the third quarter
EURUSD Movement On Friday, EUR rose 0.57% against the USD and closed at 1.3549, as the latest batch of strong economic data from Germany bolstered investors’ confidence in the recovery of the Euro-zone economy. Positive sentiment was also fuelled after … Continue reading
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EUR/USD: “No news on negative interest rate”, says ECB President
EURUSD Movement For the 24 hours to 23:00 GMT, EUR rose 0.31% against the USD and closed at 1.3472, after the European Central Bank (ECB) President, Mario Draghi cooled off speculations for a negative deposit interest rate in the Euro-zone … Continue reading
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