EUR/USD: Euro-zone’s current account surplus expanded in October

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.61% against the USD and closed at 1.1453. On the data front, the Euro-zone’s seasonally adjusted current account surplus widened to €23.0 billion in October, following a revised … Continue reading

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EUR/USD: Euro-zone’s construction output declined in October

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.11% against the USD and closed at 1.1384, after Italy and the European Commission reached a new budget deal. Macroeconomic data indicated that the Euro-zone’s seasonally adjusted construction … Continue reading

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EUR/USD: Euro extends its gains in the Asian session

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.19% against the USD and closed at 1.1371. On the macro front, Germany’s Ifo business expectations index dropped to a level of 97.3 in December, more than market … Continue reading

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EUR/USD: Euro-zone’s inflation advanced below market expectations in November

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.34% against the USD and closed at 1.1350. On the macro front, the Euro-zone’s final consumer price index (CPI) climbed 1.9% on an annual basis in November, less … Continue reading

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EUR/USD: Euro-zone’s manufacturing and services sector activity drops to record low levels in December

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.47% against the USD and closed at 1.1307 on Friday, as weak private sector data from Germany and France for December signalled a slowdown in the Euro-zone. Macroeconomic … Continue reading

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EUR/USD: ECB cuts 2019 Euro-zone growth & inflation outlook and ends QE

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.14% against the USD and closed at 1.1360, after the European Central Bank (ECB) slashed its growth forecasts for the euro area and confirmed that it would end … Continue reading

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EUR/USD: Euro-zone’s industrial production rebounded in October

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.49% against the USD and closed at 1.1376. Macroeconomic data revealed that the Euro-zone’s seasonally adjusted industrial production rebounded 0.2% on a monthly basis in October, in line … Continue reading

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EUR/USD: Euro-zone’s ZEW economic sentiment index surprisingly rose in December

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.30% against the USD and closed at 1.1321. Data indicated that the Euro-zone’s ZEW economic sentiment index advanced to a level of -21.0 in December, compared to a … Continue reading

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EUR/USD: Euro-zone’s Sentix investor confidence index sharply declined in December, marking its lowest reading since December 2014.

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.70% against the USD and closed at 1.1355. On macro front, the Euro-zone’s Sentix investor confidence index sharply fell to a level of -0.3 in December, hitting its … Continue reading

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EUR/USD: Euro-zone’s economy expanded as estimated in 3Q 2018

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.32% against the USD and closed at 1.1414 on Friday. Macroeconomic data indicated that the Euro-zone’s seasonally adjusted final gross domestic product (GDP) climbed 0.2% on a quarterly … Continue reading

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EUR/USD: Euro trading a tad lower in the Asian session

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.26% against the USD and closed at 1.1378. Data indicated that Germany’s construction PMI expanded to a level of 51.3 in November, compared to a reading of 49.8 … Continue reading

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