For the 24 hours to 23:00 GMT, EUR rose 0.57% against the USD and closed at 1.3168. The greenback came under pressure as purchasing managers’ index (PMI) of Chicago region dropped to 49.0 in April, as compared to a … Continue reading →

For the 24 hours to 23:00 GMT, EUR rose 0.41% against the USD and closed at 1.3095. In the Euro-zone, economic confidence fell to a reading of 88.6 in April, while industrial confidence declined to -13.8 in April. Consumer confidence … Continue reading →

  On Friday, EUR rose 0.18% against the USD and closed at 1.3028. The greenback fell, as US first quarter growth figures came in weaker-than-expected data in the Q12013. The preliminary gross domestic product in the US grew at a … Continue reading →

  For the 24 hours to 23:00 GMT, EUR declined marginally against the USD and closed at 1.3004, amid rising speculation that the European Central Bank would lower interest rates next week. Furthermore, the jobless rate in Spain rose to … Continue reading →

  For the 24 hours to 23:00 GMT, EUR rose 0.17% against the USD and closed at 1.3016. The greenback came under pressure after the US durable goods orders dropped more-than-expected in March. On a seasonally adjusted monthly basis, orders … Continue reading →

For the 24 hours to 23:00 GMT, EUR declined 0.51% against the USD and closed at 1.2994, as weak Euro-zone and German PMI data raised concerns over the health of the economy, thereby raising speculation that the European Central Bank … Continue reading →

For the 24 hours to 23:00 GMT, EUR rose marginally against the USD and closed at 1.3059. The greenback traded lower yesterday after existing home sales data in the US dropped unexpectedly in March. Also, the Federal Reserve Bank (Fed) … Continue reading →

  On Friday, EUR rose marginally against the USD and closed at 1.3062. The European Central Bank (ECB) board member Jens Weidmann stated that interest rates in Europe are appropriate given current conditions. However, the Euro remained vulnerable as he … Continue reading →

  For the 24 hours to 23:00 GMT, EUR rose 0.15% against the USD and closed at 1.3053, as Spain’s treasury successfully sold debt with the yield on ten-year bond slipping to the lowest level since September 2010 and after … Continue reading →

  For the 24 hours to 23:00 GMT, EUR declined 1.09% against the USD and closed at 1.3035, as investor sentiment dented after European Central Bank’s (ECB) Governing Council member and Bundesbank Chief, Jens Weidmann, stated that the ECB could … Continue reading →

  For the 24 hours to 23:00 GMT, EUR rose 0.96% against the USD and closed at 1.3178. Yesterday, the International Monetary Fund (IMF) indicated that the Euro-zone remains the weakest part of the global economy. Moreover, it further emphasized … Continue reading →