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

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.30% against the USD and closed at 1.1097 on Friday. In the US, the Markit manufacturing PMI dropped to 36.1 in April, compared to a level of 48.5 … Continue reading

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EUR/USD: Euro-zone’s economy shrunk by the fastest rate in 1Q 2020

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.66% against the USD and closed at 1.0946. On the macro front, Euro-zone’s consumer price index rose 0.4% on a yearly basis in April, beating market expectations for … Continue reading

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EUR/USD: Euro-zone’s economic confidence sharply deteriorated in April

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.44% against the USD and closed at 1.0874. On the macro front, Euro-zone’s consumer confidence index eased to -22.7 in April, compared to a level of -11.6 in … Continue reading

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EUR/USD: Euro trading higher in the Asian session

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR marginally declined against the USD and closed at 1.0826. In the US, goods trade deficit widened to $64.2 billion in March, compared to a deficit of $59.9 billion in … 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 marginally rose against the USD and closed at 1.0830. In the US, the Dallas Fed manufacturing business index dropped to -73.7 in April, compared to a level of -70.0 … Continue reading

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

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.31% against the USD and closed at 1.0813 on Friday. On the macro data, Germany’s Ifo business climate dropped to a historic low level of 74.3 in April, … Continue reading

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EUR/USD: Euro-zone’s Markit manufacturing and services PMIs sharply dropped in April

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.38% against the USD and closed at 1.0780. On the macro front, Euro-zone’s Markit manufacturing PMI dropped to 33.6 in April, due to the measures taken to contain … Continue reading

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EUR/USD: Euro-zone’s consumer confidence weakened for a second straight month in April

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.30% against the USD and closed at 1.0821. On the macro front, Euro-zone’s consumer confidence dropped to a level of -22.7 in April, more than market forecast for … Continue reading

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EUR/USD: Euro-zone’s ZEW economic sentiment index rebounded in April

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.07% against the USD and closed at 1.0854. On the macro front, Euro-zone’s ZEW economic sentiment index climbed to 25.2 in April, compared to a level of -49.5 … Continue reading

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EUR/USD: Euro-zone’s trade surplus rose in February

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR slightly declined against the USD and closed at 1.0862. On the macro front, Euro-zone’s seasonally adjusted current account trade surplus widened to €40.2 billion in February, driven by a … Continue reading

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EUR/USD: Euro-zone’s consumer price inflation slowed as initially estimated in March

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.06% against the USD and closed at 1.0866 on Friday. On the macro front, Euro-zone’s consumer price inflation slowed to 0.7% on a yearly basis in March, driven … Continue reading

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