EUR/USD: Euro trading higher in the morning session

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.42% against the USD and closed at 1.1607 on Friday. The US Dollar recovered from its initial losses against its major peers, following better than expected data on … Continue reading

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EUR/USD: Eurozone manufacturing PMI hits an 80-month high in October

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.32% against the USD and closed at 1.1656, after Eurozone manufacturing activity expanded at the fastest pace in more than six years to 58.5 in October, but missed … Continue reading

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EUR/USD: Euro trading on a stronger footing this morning

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.26% against the USD and closed at 1.1619. The US Federal Reserve (Fed), at its recent policy meeting, decided to keep its benchmark interest rate target between 1.00% … Continue reading

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EUR/USD: Eurozone GDP advanced for the third quarter, but inflation growth slowed in October

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose marginally against the USD and closed at 1.1649, following solid reports on the Eurozone economic growth and unemployment rate. Data showed that the region’s GDP grew by 0.6% … Continue reading

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EUR/USD: Eurozone economic confidence soared to almost 17-year high level in October

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.30% against the USD and closed at 1.1644, following better than expected Eurozone data. On the macro front, economic confidence across the Eurozone climbed to its highest level … Continue reading

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EUR/USD: Catalonia declares independence from Spain, ECB survey expects higher Eurozone inflation in 2022

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.31% against the USD and closed at 1.1600 on Friday, after the Catalan Parliament declared its independence from Spain. The European Central Bank’s (ECB) survey of professional forecasters … Continue reading

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EUR/USD: ECB decided to extend bond buying, albeit at a lower rate

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 1.52% against the USD and closed at 1.1636, after the European Central Bank (ECB), at its latest monetary policy meeting, unveiled plans to scale down but extend its … Continue reading

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EUR/USD: German business confidence soared unexpectedly to a record high in October

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.43% against the USD and closed at 1.1816, after an unexpected rise in German Ifo data suggested that business confidence remains buoyant as the nation’s economic fundaments remain … Continue reading

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EUR/USD: Euro-zone’s manufacturing sector activity at a 6-year high in October, services sector growth cooled to a 2-month low in the same month

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.13% against the USD and closed at 1.1765, buoyed by a stronger-than-expected reading on the Euro-zone manufacturing sector. Data showed that the Euro-zone’s preliminary Markit manufacturing PMI unexpectedly … Continue reading

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EUR/USD: Euro-zone’s consumer confidence jumped to a more than 16-year high in October

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.14% against the USD and closed at 1.1750. In economic news, data showed that the Euro-zone’s flash consumer confidence index improved to a level of -1.0 in October, … Continue reading

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EUR/USD: Euro-zone’s current account surplus rose to a 15-month high in August

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.65% against the USD and closed at 1.1770 on Friday. In economic news, the Euro-zone’s seasonally adjusted current account surplus notched its highest level since May 2016 in … Continue reading

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