EUR news & headlines
Latest breaking stories, features and analysis
- The EUR/USD pair declined after data from the BLS showed that the economy created 1.7 million jobs in July.
- The unemployment rate declined to 10.2% while wages rose by 4.8%.
- The pair also reacted to the strong German export and import data.
Features & analysis
Latest EUR news
The EUR/USD pair climbed by more than 4.7% in July, making it its best month in more than a decade. The pair ended the week at 1.1776, which was slightly below the monthly high of 1.1902. Still, analysts at Danske Bank believe that the pair will fall back to 1.1200 in the next six months. Positive news from Europe push the euro higher The EUR/USD pair spiked for two primary reasons. First, the positive news from Europe had an important role to pl...
The EUR/USD pair is down slightly today as traders reflect on the mixed economic data from Germany, the biggest economy in Europe. They are also reacting to the mild Fed interest rate decision and the upcoming US GDP numbers. The pair is trading at 1.1757, which is slightly below yesterday’s high of 1.1803. Germany recession worse than expected The German economy declined by 11.7% year-on-year in the second quarter as the country dealt with the r...
The EUR/USD pair is down by 0.25% as investors react to the overall stronger US dollar and the rising number of coronavirus cases in Spain. The pair is trading at 1.1722, which is lower than yesterday’s high of 1.1780 and Danske Bank’s target of 1.1815. Euro falls on fears of a second wave The euro declined against most of its peer currencies, including sterling, Swedish krona, and Canadian dollar. The so-called euro index, which measures its str...
The EUR/USD pair spiked as the euro continued its unstoppable rally against the greenback. The pair is trading at 1.1750, which is the highest it has been since September 2018. Upbeat economic data from Europe In recent weeks, data from Europe has shown that the bloc is making steady progress. On Friday, data from Markit showed that manufacturing and services companies in the region returned to growth in July. Other numbers from Eurostat have pai...
The euro is on track for its best week since June as investors react to the upbeat economic numbers from Europe. The EUR/USD pair is trading near its highest level since October 2018. The pair has jumped by more than 1.7% in the past five days alone. European business activity bounces back The EUR/USD pair is little changed today as traders react to upbeat economic data from Europe. According to Markit, the preliminary manufacturing PMI in the bl...
The EUR/USD pair declined by about 10 basis points as traders reacted to a breakthrough in Brussels. The pair is trading at 1.1435, which is lower than the intraday high of 1.1470. The euro has also dropped against the British pound, Australian dollar, and Swiss franc. Buy the rumours, sell the news The EUR/USD pair is trading in what market participants call “buy the rumour, sell the news.” As I reported yesterday, the pair was in high spirits a...
The EUR/USD pair jumped by more than 0.30% as traders reacted to the deadlock in Brussels. The pair is trading at 1.1458, which is its highest level since March 9 this year. EU recovery fund talks hit deadlock On Friday, the European Council started the first face-to-face meeting in Brussels. The main agenda of the meeting was to deliberate on the €750 billion recovery fund that was suggested by the European Commission in May. In its plan, the co...
The EUR/USD pair is up slightly as traders wait for the ongoing EU leaders meeting in Brussels and US housing starts numbers. The pair is also reacting to the rising inflation in the European Union. It is trading at 1.1420, which is a bit higher than the intraday low of 1.1371. EU leaders meeting The biggest news of the day will be the outcome of an important EU leaders meeting that is happening in Brussels. In their first face-to-face meeting si...
The EUR/USD pair is little changed as traders react to the “normal” ECB interest rate decision. The pair is trading at 1.1410, which is slightly below yesterday’s high of 1.1451. Meanwhile, the euro index, which tracks the euro against its peers 104.59, the highest it has been since June. ECB interest rate decision The European Central Bank (ECB) followed in the footsteps of Bank of Canada (BOC)and Bank of Japan (BOJ). In its meeting, the bank le...
The EUR/USD pair is up by more than 0.50% as traders refocus on the ECB monetary policy meeting, inflation data, rising number of coronavirus cases, and Friday’s eurogroup meeting. The pair is trading at 1.1360, which is higher than the intraday low of 1.1300. Optimism on the euro remains The EUR/USD pair rose as more investors remained optimistic about the euro. On Friday, data from CFTC showed that the speculative net position on the currency r...
The EUR/USD was little changed in the Asian session as traders reflected on the rising number of coronavirus cases, upbeat US JOLTs data, and the dire warning from the European Commission. The pair is trading at 1.1275, which is between the June high and low of 1.1421 and 1.1170. Eurozone recession to be deeper this year Recent data from Europe have painted a picture of an economy that is firing on all cylinders. The unemployment rate has remaine...
The EUR/USD pair is up by almost 40 basis points as traders react to upbeat retail sales and construction PMI number from the Eurozone. The pair is trading at 1.1285, which is slightly above the upper line of the bullish pennant pattern. EU retail sales jump The retail sector boomed in the Eurozone in June as governments started to relax their stay-at-home orders. According to Eurostat, volume of retail sales rose by 17.8% in the euro area and by...
The EUR/USD pair is up by more than 0.55% as traders react to some positive developments in Europe and the overall weaker US dollar. The pair is trading at 1.1277, which is the highest it has been since June 24. ECB could boost QE by about $1 trillion Two weeks ago, the European Central Bank (ECB) surprised the market when it added €600 billion to its original Pandemic Emergency Purchase Program (PEPP). This action brought the total amount of the...
EUR/USD price has been struggling to close the week high in the past 3 weeks, signalling a pullback may take place soon. Fundamentally, investors are awaiting the outcome of the Macron – Merkel meeting, scheduled for tomorrow, on European economic recovery plan. Fundamental analysis: Macron and Merkel to meet tomorrow The office of the French president confirmed that a meeting between President Emmanuel Macron and German Chancellor Angela M...
The EUR/USD pair rose slightly even after a grim report by the Organisation for Economic Co-operation (OECD). The pair is perhaps waiting for US Consumer Price Index (CPI) data from the US and the Fed interest rate decision. OECD warns on eurozone slowdown A report by OECD, a club of wealthy nations, showed that eurozone will be hurt significantly by the virus. The organisation expects the eurozone economy to decline by 9.1% this year, in case of...
The EUR/USD pair declined by more than 0.30% as investors reacted to weak trade data from Germany and better-than-expected GDP data from the eurozone. EUR/USD reacts to eurozone GDP data The eurozone economy contracted by 3.6% in the first quarter because of the coronavirus pandemic. It declined by 3.1% on a QoQ basis, according to the second projection by Eurostat. The office said that this was the worst contraction recorded since records starte...
The EUR/USD pair rose today after the European Central Bank (ECB) delivered its interest rate decision. The pair is down by 0.35% and is trading at 1.1200, while the euro index increased by 20 basis points. ECB interest rate decision The EUR/USD roseafter the ECB delivered its interest rate decision. The bank left the deposit rate facility unchanged at -0.50% and the marginal lending facility at 0.25%. That was in line with what most analysts wer...