EUR news & headlines
Latest breaking stories, features and analysis
- The EUR/USD is heading towards its second month in the red as traders worry about the rising Covid cases.
- The ECB hinted at more stimulus possibly in its December meeting.
- Data today showed that the EU economy rose by 12% in Q3, lower than the US 33% gain.
Features & analysis
Latest EUR news
The EUR/USD price rose today as the market ignored the rising risks posed by the spreading Covid-19 pandemic. The pair also reacted to the mild European inflation data and US retail sales numbers. Eurozone inflation mild Consumer price inflation in the Eurozone dropped from -0.2% to -0.3% in September as the bloc continued recovering from the pandemic. This CPI was significantly lower than the 1.2% increase in the same period in 2019. According t...
The EUR/USD price is slightly lower as the market digests the German and US consumer price index (CPI) data. It is trading at 1.1781, which is slightly below Friday’s high of 1.1831. German deflation continues Consumer prices in Germany continued to decline in September, according to Destatis. The data shoeed that consumer prices fell by 0.2% on a month-on-month and year-on-year basis. Similarly, the harmonised index of consumer prices fell by -0...
The EUR/USD pair declined in overnight trading as traders reacted to stimulus news and a statement by Christine Lagarde. The pair is trading at 1.1728, which is lower than the intraday high of 1.1809. Trump postpones stimulus talks The United States economy is currently going through its worst economic crisis since the 1930s depression. It contracted by more than 1% in the first quarter and by more than 30% in the second quarter because of the pa...
The EUR/USD is rising today as traders react to new development on Trump. It is also rising because of the relatively positiveeconomic data from the Eurozone. The pair is trading at 1.1730, which is slightly higher than Friday’s low of 1.1700. Weaker US dollar pushes euro higher The EUR/USD is rising today because of the overall weaker US dollar. The dollar index, which measures the strength of the dollar against key peers, is down by ~0.10%. Thi...
The EUR/USD is down by 0.25% as investors wait for the preliminary inflation data from the Eurozone and the US nonfarm payroll data. The pair is trading at 1.1715, which is a few pips below yesterday’s high of 1.1770. Eurozone inflation data The Eurozone has made a steady recovery in the past few months. In general, most countries have reopened and the number of Covid-19 cases has been relatively stable. Business activity in most cities and towns...
The EUR/USD declined by ~2% in September mostly because of the overall strong dollar. It ended the month at 1.1745, which was higher than the monthly low of 1.1613. In this report, we will look at key expectations for the pair in October. Why the EUR/USD declined in September The EUR/USD fell in September as risks in the market pushed the dollar higher. Indeed, other developed countries currencies also weakened against the dollar. The sterling fe...
The EUR/USD pair is up for the second straight day ahead of the first presidential debate between Donald Trump and Joe Biden. The pair is also reacting to the relatively sentiment data from Europe. It is trading at 1.1700, which is substantially higher than the Friday’s low of 1.1612. Dollar slides ahead of Joe Biden and Trump debate The EUR/USD pair is rising in part because of the overall weaker US dollar as traders wait for the first debate be...
The EUR/USD pair is having its best day in seven days because of the overall weakness of the dollar and the possibility of a deal between the European Union and the UK. The pair is up by 0.35% and is trading at 1.1670. Brexit deal likely The EUR/USD is gaining as the EU readies its final talks with the United Kingdom on a likely post-Brexit deal. While the two sides are significantly further apart, analysts are optimistic that they will reach a d...
The euro (EUR/USD) is on track for its second consecutive week in the red as investors remain concerned about the state of the Eurozone economy. The currency has also weakened because of the stronger dollar as political temperatures in the United States rise. European economy stalling Recent economic data has shown that the European economy has started to weaken. This week, data from Markit showed that the crucial services sector started to stall...
The EUR/USD is in dropping for the fifth straight day as traders react to the slowing of the European economy and the overall strength of the dollar. The pair is trading at 1.1661, which is the lowest it has been since July 27. US dollar gains on rising risks The EUR/USD is falling mostly because of the rising risks in the market. These risks have led to a significant demand for the US dollar, which is the world reserve currency. In Europe, the n...
The EUR/USD pair is little changed today as traders react to the relatively weak flash manufacturing and services PMI data from Europe. It is trading at 1.1711, which is a few pips above the intraday low of 1.1674. European economy starts to cool The EUR/USD is reacting to the mixed manufacturing and services PMI from Europe. According to Markit, the manufacturing PMI in the Eurozone expanded to 53.7 in September from the previous 51.7. That incr...
The EUR/USD is in its third consecutive day in the green as investors continue to digest the ECB interest rate decision. The pair is trading at 1.1850, which is higher than this week’s low of 1.1750. ECB helps support the euro The European Central Bank (ECB) did what most analysts were expecting yesterday. It left interest rate and the pandemic emergency purchase program unchanged. It also announced its willingness to continue supporting the Euro...
The EUR/USD pair rose by 0.30% as traders reacted to a mild statement by the European Central Bank (ECB). The pair is trading at 1.1852, which is higher than yesterday’s low of 1.1750. ECB interest rate decision The ECB left the Eurozone’s key lending rates unchanged after its two-day monetary policy meeting. It left the deposit facility rate unchanged at -0.50. It also left the main interest rate unchanged at 0.0% and the marginal lending facili...
The euro (EUR/USD) is falling for the sixth consecutive day as traders react to the mixed economic data from Europe. The currency is also responding to a relatively strong US dollar and the upcoming monetary policy meeting by the European Central Bank (ECB). European economy recession confirmed The European economy entered a technical recession in the second-quarter as countries in the bloc announced strict stay-at-home orders. According to Euros...
The EUR/USD pair eased during the Asian session as traders reacted to the strong manufacturing PMI data from the Eurozone and the US. The pair is trading at 1.1900, which is lower than yesterday’s high of 1.2018. Eurozone manufacturing activity cools In a report yesterday, Markit said that manufacturing PMI in the Eurozone eased in August. The official PMI came in at 51.7 in August, from the previous 51.8. That was in line with what analysts were...
The EUR/USD is up by 0.27% even after the weak inflation data from Germany, Italy, and Spain. The pair is trading at 1.1935, which is a few pips below August’s high of 1.1963. It has gained more than 1.9% in August. Also, it has gained for the past four months, the longest winning streak since 2017. European inflation disappoints The biggest economic data today was Germany, Spain, and Italy inflation data. According to the Federal Statistical Off...
The EUR/USD pair rose today as investors reacted to positive economic data from Europe. By rising, the pair has erased the losses made yesterday after a speech by Jerome Powell at the Jackson Hole summit. The pair is trading at 1.1910, which is the highest it has been since August 19. European consumer and business confidence rises The EUR/USD is probably reacting to strong consumer and business confidence data from Europe. According to the Europ...