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EUR/USD: Euro-zone’s inflation increases as initially estimated in June
EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.09% against the USD and closed at 1.1644. On the data front, Euro-zone’s final consumer price index climbed 2.0% on an annual basis in June, at par with … 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 declined 0.47% against the USD and closed at 1.1665. The US dollar gained ground against a basket of currencies, following Federal Reserve (Fed) Chairman, Jerome Powell, positive assessment on … Continue reading
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EUR/USD: Euro-zone’s trade surplus surprisingly narrowed in May
EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.21% against the USD and closed at 1.1710. Macroeconomic data indicated that the Euro-zone’s seasonally adjusted trade surplus unexpectedly narrowed to €16.9 billion in May, after recording a … Continue reading
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EUR/USD: Euro trading flat in the Asian session
EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.17% against the USD and closed at 1.1682 on Friday. In the US, data showed that the US preliminary Reuters/Michigan consumer sentiment index eased to a level of … Continue reading
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EUR/USD: EU lowers Euro-zone’s 2018 GDP forecast
EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.11% against the USD and closed at 1.1662, after the European Commission downgraded Eurozone’s growth outlook, citing trade war concerns. The European Commission, in its latest Summer Interim … Continue reading
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EUR/USD: Commitment to the “European Stability Mechanism” necessary for financial stability: Mario Draghi
EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.52% against the USD and closed at 1.1675. The European Central Bank (ECB) President, Mario Draghi stated that the improvement in the euro-area inflation is on a self-sustained … Continue reading
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EUR/USD: Euro trading a tad lower in the morning session.
EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.11% against the USD and closed at 1.1736. In the economic news, Euro-zone’s ZEW economic sentiment index eased to -18.70 in July, following a reading of -12.60 in … Continue reading
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EUR/USD: Euro trading a tad higher in the Asian session
EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.13% against the USD and closed at 1.1749. On the data front, Eurozone’s Sentix investor confidence index unexpectedly climbed to a level of 12.1 in July, defying market … 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 0.46% against the USD and closed at 1.1745 on Friday, after Germany’s industrial output rose at a faster than expected pace in May. On the data front, Germany’s … Continue reading
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EUR/USD: Germany’s factory orders expanded for the first time in five months in May
EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.27% against the USD and closed at 1.1691, following robust German factory orders data. Data showed that Germany’s annual factory orders advanced more-than-expected by 4.4% in May, driven … Continue reading
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EUR/USD: Euro-zone’s service sector activity regains strength in June
EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose marginally higher against the USD and closed at 1.1660 On the data front, Euro-zone’s final service PMI rose more than estimated to a level of 55.2 in June, … Continue reading
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