EUR/USD: Euro trading a tad lower, ahead of the Euro-zone’s final consumer confidence index data

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.12% against the USD and closed at 1.0562 on Friday. In economic news, French consumer confidence index remained steady at a level of 100.0 in February, in line … Continue reading

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EUR/USD: German economy picked up speed in the final quarter of 2016

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.2% against the USD and closed at 1.0575, after Germany’s seasonally adjusted final gross domestic product (GDP) grew 0.4% QoQ in 4Q 2016, driven by robust government spending, … Continue reading

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EUR/USD: Euro-zone’s annual inflation confirmed at 1.8% for January

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.18% against the USD and closed at 1.0554, after the Euro-zone’s final consumer price index (CPI) rose 1.8% on an annual basis in January, confirming the preliminary print, … Continue reading

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EUR/USD: Euro-zone’s manufacturing and services sector growth accelerated in February

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.74% against the USD and closed at 1.0535. On the economic front, the Euro-zone’s preliminary Markit manufacturing PMI unexpectedly climbed to a level of 55.5 in February, expanding … Continue reading

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EUR/USD: Euro-zone’s consumer sentiment drops further in February

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR marginally rose against the USD and closed at 1.0614. In economic news, the Euro-zone’s flash consumer confidence index deteriorated to a three-month low level of -6.2 in February, more … Continue reading

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EUR/USD: Euro-zone’s construction output fell for the first time in 3-months in December

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.6% against the USD and closed at 1.0604 on Friday, after data revealed that the Euro-zone’s seasonally adjusted construction output dropped 0.2% MoM in December, declining for the … Continue reading

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EUR/USD: ECB shows no sign of dialling back stimulus

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.72% against the USD and closed at 1.0668. According to minutes of the European Central Bank’s (ECB) latest monetary policy meeting, board members saw “no room for complacency” … Continue reading

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EUR/USD: Euro-zone’s trade surplus unexpectedly widened in December

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.14% against the USD and closed at 1.0592, after the Euro-zone’s seasonally adjusted trade surplus surprisingly widened to a level of €24.5 billion in December, from a revised … Continue reading

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EUR/USD: Euro-zone’s economic growth revised lower in the fourth quarter of 2016

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.15% against the USD and closed at 1.0577, after gross domestic product (GDP) figures across the Euro-zone disappointed with a weaker than estimated growth. Data showed that the … Continue reading

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EUR/USD: European Commission raised Euro-zone’s growth and inflation forecasts

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.19% against the USD and closed at 1.0593. Yesterday, the European Commission (EC), in its quarterly economic forecast report, predicted that the Euro-zone’s economic growth is set to … 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 0.19% against the USD and closed at 1.0632 on Friday. Macroeconomic data indicated that the US flash Reuters/Michigan consumer sentiment index dropped more-than-anticipated to a level of 95.7 … Continue reading

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