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EUR/USD: Fed could taper its stimulus measure in ‘one of its next few meetings’, indicates FOMC minutes
EURUSD Movement For the 24 hours to 23:00 GMT, EUR declined 0.99% against the USD and closed at 1.3430. The US Dollar gained ground against the Euro, after the minutes from the Fed’s latest policy meeting hinted that the Federal … Continue reading
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EUR/USD: ECB should be “very careful” in using negative interest rates, says Jorg Asmussen
EURUSD Movement For the 24 hours to 23:00 GMT, EUR rose 0.47% against the USD and closed at 1.3565, as the latest batch of upbeat economic releases from the Euro-zone bolstered the risk-taking appetite among investors. The ZEW survey on … Continue reading
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EUR/USD: Fed Dudley optimistic on US recovery; Plosser suggest capping of Fed’s stimulus measure
EURUSD Movement For the 24 hours to 23:00 GMT, EUR rose 0.16% against the USD and closed at 1.3503. The US Dollar extended its previous session’s losses, as investors continued to fret over incoming Fed Chief, Janet Yellen’s dovish comments … Continue reading
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EUR/USD: Euro-zone’s CPI rose in line with market expectations for October
EURUSD Movement On Friday, EUR rose 0.28% against the USD and closed at 1.3483. The US Dollar continued to face pressure from the Fed incoming Chief, Janet Yellen’s dovish comments on the central bank’s ultra-easy monetary policy, delivered before the … Continue reading
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EUR/USD: Euro-zone might face a prolonged period of low inflation, indicates ECB’s monthly report
EURUSD Movement For the 24 hours to 23:00 GMT, EUR declined 0.28% against the USD and closed at 1.3446, after the European Central Bank (ECB), in its monthly report, highlighted its willingness to continue with the current accommodative monetary policy … Continue reading
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EUR/USD: US economy and labour market performing far short of their potential, says Fed’s Janet Yellen
EURUSD Movement For the 24 hours to 23:00 GMT, EUR rose 0.35% against the USD and closed at 1.3485. The US Dollar came under pressure as traders refrained from taking major bets ahead of the Senate Banking Committee’s confirmation hearing … Continue reading
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EUR/USD: Euro trading higher in the Asian session
EURUSD Movement For the 24 hours to 23:00 GMT, EUR rose 0.23% against the USD and closed at 1.3438. The US Dollar came under pressure after two key Fed officials expressed their reluctance for an early tapering of the central … Continue reading
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EUR/USD: Euro pares its gains in the Asian session
EURUSD Movement For the 24 hours to 23:00 GMT, EUR rose 0.46% against the USD and closed at 1.3408, in a clam Monday session. In economic news, on a seasonally adjusted basis, industrial output in Italy rose 0.2% (MoM) in … Continue reading
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EUR/USD: US non-farm payroll employment surpassed analysts’ expectations for September.
EURUSD Movement On Friday, EUR declined 0.37% against the USD and closed at 1.3360. The US Dollar gained ground against the Euro after upbeat US non-farm payrolls data strengthened the prospect for the Fed to taper its stimulus package sooner … Continue reading
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EUR/USD: ECB surprisingly lowered its benchmark interest rate to a record low 0.25%
EURUSD Movement For the 24 hours to 23:00 GMT, EUR declined 0.81% against the USD and closed at 1.3409, after the European Central Bank (ECB) unexpectedly slashed its interest rate by 25 basis points to 0.25%. Negative sentiment was also … Continue reading
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EUR/USD: Euro trading tad higher ahead of ECB interest rate decision
EURUSD Movement For the 24 hours to 23:00 GMT, EUR rose 0.34% against the USD and closed at 1.3518. In economic news, Markit economic reported that Euro-zone’s service sector PMI fell less-than-expected to a reading of 51.6 in October, from … Continue reading
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