On Friday, EUR rose 0.55% against the USD and closed at 1.3285. The greenback came under pressure, after data indicated that US hiring slowed in July, thereby leading to speculation that the Fed would be more cautious in tapering its … Continue reading →

For the 24 hours to 23:00 GMT, EUR declined 0.66% against the USD and closed at 1.3212, as the European Central Bank (ECB) President, Mario Draghi indicated that interest rates in the Euro-zone would continue to remain low for some … Continue reading →

For the 24 hours to 23:00 GMT, EUR climbed 0.26% against the USD and closed at 1.3301, following a report that revealed that number of unemployed people in Germany fell by 7,000 in June, defying expectations for a 4,000 decline. … Continue reading →

For the 24 hours to 23:00 GMT, EUR traded marginally higher against the USD and closed at 1.3266, following the release of an upbeat German consumer-confidence data and Spanish economic-growth figures. Moreover, Euro-zone economic confidence index improved to 92.5 in … Continue reading →

For the 24 hours to 23:00 GMT, EUR declined 0.17% against the USD and closed at 1.3263. The greenback ticked up against major riskier currencies, amid uncertainty over the Federal Reserve’s stance on tapering asset purchases, ahead of its two … Continue reading →

On Friday, EUR traded steady against the USD and closed at 1.3276, amid growing uncertainty over the future of the Federal Reserve’s stimulus program. Euro-zone officials approved the transfer of €4 billion of funding to Greece and Euro-zone governments are … Continue reading →

  For the 24 hours to 23:00 GMT, EUR traded 0.63% higher against the USD and closed at 1.3274, as economic indicators released yesterday pointed to economic recovery of the region. The IFO business climate indicators in Germany ticked up … Continue reading →

For the 24 hours to 23:00 GMT, EUR declined 0.23% against the USD and closed at 1.3191. The Euro traded higher earlier, as upbeat manufacturing and service PMI data from Germany, France and the Euro-zone indicated economic revival in the … Continue reading →

  For the 24 hours to 23:00 GMT, EUR strengthened 0.23% against the USD and closed at 1.3222. The greenback came under pressure, after weak manufacturing and home sales data from the US re-ignited expectations that the Federal Reserve would … Continue reading →

  For the 24 hours to 23:00 GMT, EUR rose 0.24% against the USD and closed at 1.3191, as political worries from Portugal eased after Portuguese President, Anibal Cavaco Silva, over the weekend, stated that the current government would stay … Continue reading →

On Friday, EUR rose 0.20% against the USD and closed at 1.3135. In economic news, Germany’s annual producer price index registered a 0.6% rise in June, while industrial orders in Italy recorded a 3.2% (MoM) rise in May and its … Continue reading →