EUR/USD: German service sector expanded at slowest pace in more than three years in September

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined marginally against the USD and closed at 1.1201, after the Euro-zone’s final Markit services PMI eased to a level of 52.2 in September, compared to a level of … Continue reading

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EUR/USD: IMF raised Euro-zone’s growth forecast despite Brexit

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.07% against the USD and closed at 1.1205. Yesterday, the International Monetary Fund (IMF), in its latest report on the global economic outlook, revised Euro-zone’s growth forecast for … Continue reading

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EUR/USD: Euro-zone’s manufacturing activity picked up in September

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.2% against the USD and closed at 1.1213. Meanwhile, Euro-zone’s final Markit manufacturing PMI advanced to a level of 52.6 in September, in line with market expectations and … Continue reading

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EUR/USD: Euro-zone’s annual inflation rose to its highest level since October 2014

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.09% against the USD and closed at 1.1231 on Friday, after the Euro-zone’s preliminary consumer price index (CPI) rose by 0.4% on an annual basis in September, in … Continue reading

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EUR/USD: German inflation surprisingly advanced in September

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose slightly against the USD and closed at 1.1221, after Germany’s preliminary consumer price index unexpectedly advanced by 0.1% on a monthly basis in September, indicating that the European … Continue reading

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EUR/USD: Draghi defends ECB’s ultra-loose monetary policy before German lawmakers

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR remained flat against the USD and closed at 1.1215. Yesterday, the European Central Bank (ECB) President, Mario Draghi, at a hearing at the Bundestag, shrugged off criticism that the … Continue reading

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EUR/USD: Euro trading lower, ahead of Germany’s GfK consumer confidence data

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.31% against the USD and closed at 1.1215. In economic news, data indicated that Germany’s import price index fell by 0.2% on a monthly basis in August, more … Continue reading

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EUR/USD: UK should not get any favours for single market, says the ECB President

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.16% against the USD and closed at 1.1250, after Germany’s Ifo business climate index rose more-than-expected to a level of 109.5 in September, indicating that uncertainty created by … Continue reading

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EUR/USD: Euro-zone’s manufacturing sector expanded at the fastest pace in 3-months in September

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.17% against the USD and closed at 1.1226 on Friday, after the preliminary manufacturing PMI data indicated that activity in the Euro-zone’s manufacturing sector expanded at the fastest … Continue reading

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EUR/USD: China and Brexit pose risks to global growth: ECB

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.17% against the USD and closed at 1.1207. Yesterday, in its economic bulletin report, the European Central Bank (ECB) indicated that employment in the common currency region is … Continue reading

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EUR/USD: Euro trading a tad lower, ahead of the ECB President, Mario Draghi’s speech

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.31% against the USD and closed at 1.1188. The US Dollar lost ground against its major peers, after the US Federal Reserve (Fed), in its recent monetary policy … Continue reading

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