EUR/USD: Manufacturing sector growth across the Euro-zone hit a 74-month high in June

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.45% against the USD and closed at 1.1368. On the data front, the Euro-zone’s final Markit manufacturing PMI was revised higher to a level of 57.4 in June, … Continue reading

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EUR/USD: Euro-zone’s annual inflation growth slowed to a 6-month low in June

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.17% against the USD and closed at 1.1423 on Friday, after the Euro-zone’s flash consumer price index (CPI) advanced 1.3% on an annual basis in June, rising at … Continue reading

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EUR/USD: Germany’s annual inflation topped market expectations in June

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.56% against the USD and closed at 1.1442, after Germany’s preliminary consumer price index (CPI) advanced more-than-expected by 1.6% on an annual basis in June, suggesting that a … Continue reading

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EUR/USD: Euro trading higher, ahead of Germany’s crucial inflation data

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.33% against the USD and closed at 1.1378. On the economic front, Italy’s flash consumer price index (CPI) unexpectedly dropped 0.1% on a monthly basis in June, defying … Continue reading

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EUR/USD: Stimulus could be scaled back if economy improves: ECB President

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 1.44% against the USD and closed at 1.1341, following hawkish remarks from the European Central Bank (ECB) President, Mario Draghi. The ECB Chief signalled that the central bank … Continue reading

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EUR/USD: Germany’s Ifo business confidence surged to a record high level in June

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.13% against the USD and closed at 1.1180, after the European Central Bank’s (ECB) President, Mario Draghi stated that there is no need to deviate from the ECB’s … Continue reading

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EUR/USD: Euro-zone’s manufacturing sector activity accelerated in June, while services sector growth cooled in the same month

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.34% against the USD and closed at 1.1196 on Friday, after the Euro-zone’s flash Markit manufacturing PMI unexpectedly rose to a level of 57.3 in June, expanding at … Continue reading

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EUR/USD: Euro-zone’s consumer confidence zoomed to a 16-year high level in June

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.15% against the USD and closed at 1.1165. On the data front, the Euro-zone’s flash consumer confidence index improved more-than-expected to a level of -1.3 in June, notching … Continue reading

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EUR/USD: Euro trading a tad higher, ahead of the ECB’s economic bulletin report

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.29% against the USD and closed at 1.1167. In the US, data showed that existing home sales unexpectedly advanced 1.1% to a level of 5.62 million on a … Continue reading

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EUR/USD: Euro-zone’s current account surplus narrowed in April

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.13% against the USD and closed at 1.1135. On the macro front, the Euro-zone’s seasonally adjusted current account surplus narrowed more-than-expected to a level of €22.2 billion in … Continue reading

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EUR/USD: Euro-zone’s construction output rebounded in April

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.43% against the USD and closed at 1.1150. On the macro front, the Euro-zone’s seasonally adjusted construction output rebounded 0.3% on a monthly basis in April, following a … Continue reading

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