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EUR/USD: Manufacturing sector growth across the Eurozone confirmed at a 6-year high level in May
EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.22% against the USD and closed at 1.1217. Macroeconomic data indicated that the Euro-zone’s final Markit manufacturing PMI rose to a six-year high level of 57.0 in May, … Continue reading
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EUR/USD: Euro-zone’s annual inflation slipped to a 5-month low in May
EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.62% against the USD and closed at 1.1242, as investors brushed off downbeat inflation data from the Euro-zone. Data showed that the flash consumer price index in the … Continue reading
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EUR/USD: German annual inflation slowed more-than-expected in May
EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.33% against the USD and closed at 1.1173. On the data front, Germany’s preliminary consumer price index (CPI) climbed less-than-expected by 1.5% on an annual basis in May, … Continue reading
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EUR/USD: Euro-zone still needs substantial monetary policy support: ECB’s Draghi
EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.26% against the USD and closed at 1.1136, on dovish comments from the European Central Bank (ECB) Chief, Mario Draghi. The ECB President, in his testimony to the … Continue reading
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EUR/USD: Euro trading lower in the morning session
EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.10% against the USD and closed at 1.1211. On macro front, Italy’s industrial orders fell 4.2% on a monthly basis in March, compared to a revised gain of … Continue reading
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EUR/USD: German consumer confidence rose for a consecutive second month for June
EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.32% against the USD and closed at 1.1222, after Germany’s GfK consumer confidence index unexpectedly climbed to a level of 10.4 for June, on the back of further … Continue reading
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EUR/USD: Euro trading slightly lower, ahead of Mario Draghi’s speech
EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.48% against the USD and closed at 1.1186. Macroeconomic data showed that manufacturing PMI recorded an unexpected rise to a level of 57.0 in May in the Eurozone, … Continue reading
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EUR/USD: The weak Euro is the fault of the ECB’s monetary policies: German Chancellor
EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.44% against the USD and closed at 1.1240, after German Chancellor, Angela Merkel, blamed the European Central Bank’s (ECB) ultra-low interest rates and its quantitative easing programme for … Continue reading
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EUR/USD: Euro-zone’s consumer confidence reached its highest level since July 2007 in May
EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.86% against the USD and closed at 1.1202 on Friday. On the macro front, the Euro-zone’s consumer confidence index rose less than expected to a level of -3.3 … Continue reading
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EUR/USD: Policymakers could start considering stimulus exit in June: ECB minutes
EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.47% against the USD and closed at 1.1107. According to the minutes of the European Central Bank’s (ECB) latest meeting, board members generally agreed that June would be … Continue reading
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EUR/USD: Euro-zone’s annual inflation growth confirmed at 1.9% in April
EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.6% against the USD and closed at 1.1160, after the Euro-zone’s final consumer price index (CPI) advanced 1.9% on an annual basis in April, confirming the flash estimates. … Continue reading
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