EUR/USD: Current levels of monetary support needed despite economy’s resilience: ECB’s Draghi

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.27% against the USD and closed at 1.0636. Yesterday, the European Central Bank (ECB) President, Mario Draghi, in his statement to the European Parliament, reiterated that the ECB … Continue reading

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EUR/USD: ECB President Draghi hints at more stimulus to come

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.27% against the USD and closed at 1.0597 on Friday, after comments from the European Central Bank (ECB) President, Mario Draghi intensified prospects for further monetary stimulus from … Continue reading

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EUR/USD: ECB primed for stimulus boost, if needed: ECB minutes

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.7% against the USD and closed at 1.0626. According to minutes of the European Central Bank’s (ECB) most recent meeting, policymakers were ready to boost their €1.7 trillion … Continue reading

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EUR/USD: Euro trading lower, ahead of Euro-zone’s inflation data

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.2% against the USD and closed at 1.0701. The greenback gained ground against its peers, as investors continued to expected that the US Federal Reserve may raise interest … Continue reading

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EUR/USD: Euro-zone’s economy grew by 0.3% in 3Q 2016

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.2% against the USD and closed at 1.0722. Data indicated that the Euro-zone’s seasonally adjusted flash gross domestic product (GDP) climbed by 0.3% on a quarterly basis in … Continue reading

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EUR/USD: Euro trading higher, ahead of the Euro-zone’s GDP data

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.56% against the USD and closed at 1.0744. In economic data, the Euro-zone’s seasonally adjusted industrial production dropped less-than-expected by 0.8% on a monthly basis in September, compared … Continue reading

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EUR/USD: Germany’s annual inflation at 2-year high in October

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.38% against the USD and closed at 1.0845 on Friday. In economic news, data showed that Germany’s final consumer price index accelerated to a two-year high level, after … Continue reading

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

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.29% against the USD and closed at 1.0886. In economic news, data indicated that Italy’s seasonally adjusted industrial production dropped less-than-expected by 0.8% MoM in September, declining for … Continue reading

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EUR/USD: European Commission cuts Euro-zone’s growth forecasts for 2017, following heightened political uncertainties

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.86% against the USD and closed at 1.0918. Yesterday, the European Commission, in its first economic forecasts since the Brexit vote, raised the Euro-zone’s growth projection for this … Continue reading

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EUR/USD: German industrial output logged biggest decline in 2 years in September

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.27% against the USD and closed at 1.1013, after Germany’s seasonally adjusted industrial production dropped more than expected by 1.8% MoM in September, suggesting Euro-zone’s biggest economy ended … Continue reading

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EUR/USD: Euro-zone’s Sentix investor confidence surged to an 11-month high level in November

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.29% against the USD and closed at 1.1043. In economic news, data showed that the Euro-zone’s Sentix investor confidence index jumped to an eleven-month high level of 13.1 … Continue reading

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