EUR/USD: Euro-zone’s Markit services PMI revised lower in October

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.29% against the USD and closed at 1.1136 on Friday. In economic news, data showed that Euro-zone’s final services PMI expanded less-than-expected to a level of 52.8 in … Continue reading

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EUR/USD: Euro-zone’s unemployment rate lowest since 2011 in September

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.06% against the USD and closed at 1.1097, after the Euro-zone’s unemployment rate remained unchanged at 10.0% in September, in line with market expectations and hitting its lowest … Continue reading

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EUR/USD: German unemployment rate hit 25-year low in October

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.37% against the USD and closed at 1.1097, after Germany’s seasonally adjusted unemployment rate unexpectedly dropped to 6.0% in October, declining for a second straight month and hitting … Continue reading

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

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.84% against the USD and closed at 1.1056. In the US, data indicated that the ISM manufacturing activity index advanced for a second straight month to a level … Continue reading

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EUR/USD: Euro-zone’s annual inflation reached its highest level since June 2014 in October

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.08% against the USD and closed at 1.0971, after the Euro-zone’s annual inflation advanced to its highest level in more than two years in October. The preliminary consumer … Continue reading

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EUR/USD: Germany’s annual inflation hits two-year high level in October

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.82% against the USD and closed at 1.0982 on Friday, after Germany’s inflation data notched a two-year high in October, suggesting that the European Central Bank’s massive stimulus … 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 0.14% against the USD and closed at 1.0893. In economic news, Italy’s consumer confidence index unexpectedly dropped to a fifteen-month low level of 108.0 in October, declining for … Continue reading

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EUR/USD: German consumer morale deteriorated to a 6-month low level in November

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.17% against the USD and closed at 1.0908. In economic news, data indicated that Germany’s GfK consumer confidence index unexpectedly eased to a level of 9.7 in November, … Continue reading

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EUR/USD: Draghi defends ECB’s ultra-loose monetary policies

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.17% against the USD and closed at 1.0889, after the European Central Bank (ECB) President, Mario Draghi, indicated that the central bank does not want interest rates to … Continue reading

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EUR/USD: Euro-zone’s manufacturing PMI jumped to a 30-month high level in October

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.11% against the USD and closed at 1.0871, after the Euro-zone’s manufacturing and services sector showed strong performance in October, indicating economic recovery picked up pace in the … Continue reading

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EUR/USD: Euro-zone’s consumer confidence advanced to a 3-month high level in October

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.43% against the USD and closed at 1.0879 on Friday, as comments from the ECB President continued to weigh on the common currency. In economic news, data indicated … Continue reading

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