EUR news

The EUR/USD price rose slightly on Thursday after the relatively strong European manufacturing data. It rose to an intraday high of 1.1755, which is slightly above the year-to-date low of 1.1705. EUR/USD price action European manufacturing rebounds The European manufacturing sector rebounded even as the region struggled with the…

The EUR/USD is on track for the third straight monthly decline as the US dollar makes an impressive comeback. It is trading at 1.1745, which is 5% below the highest point this year. EUR/USD chart Stronger dollar pushes euro lower The EUR/USD price has dropped for several reasons. The…

The EUR/USD price declined as the market continued to worry about the recovery of the European economy. They are also focusing on the upcoming Jerome Powell and Janet Yellen testimony in Congress. EUR/USD price action Concerns of EU recovery The EUR/USD is falling as worries of the recovery of…

The EUR/USD rose slightly after the relatively mild European consumer inflation numbers. It rose to 1.1912, which is slightly higher than Tuesday’s low of 1.1880. EUR/USD chart European Union mild inflation Consumer prices were relatively stable in the Eurozone in February. According to Eurostat, the headline annual inflation…

The EUR/USD price is consolidating as traders react to the new coronavirus wave in Europe and the ongoing challenges in vaccinations. It is trading at 1.1932 ahead of the European CPI and US retail sales numbers and the FOMC decision. EUR/USD price action Euro struggles to find direction The…

The EUR/USD rose after the latest European Central Bank (ECB) interest rate decision. The pair is trading at 1.1947 and is in its third consecutive day of gains.  EUR/USD price action ECB decision The ECB concluded its two-day interest rate decision today. As widely expected, the bank left the…

The EUR/USD price bounced back today as the market reflected on the US bond market and the relatively strong European economic data. The pair rose to 1.1915, which was 0.70% above yesterday’s low of 1.1833. EUR/USD price action US dollar sells-off The EUR/USD price action is mostly because of…

The EUR/USD is falling for the sixth consecutive day as investors react to the rising US bond yields after the Senate passed the much-awaited stimulus package. It is trading at 1.1877, which is 3.80% below the highest point this year. EUR/USD chart US stimulus leads to bond sell-off Last…

The EUR/USD price dipped today even after the relatively strong manufacturing PMI data from the European Union (EU). The pair dropped to an intraday low of 1.2050 after initially rising to 1.2240.  EUR/USD chart Eurozone manufacturing PMI IHS Markit released relatively strong Eurozone manufacturing PMI data. In its report,…

The EUR/USD made a bullish breakout as US treasury yields continued rising and after the relatively strong EU confidence data. The pair rose to a high of 1.2230, which was its highest level since January 8. EUR/USD chart Rising US yields The US dollar index dropped by more than…

The EUR/USD declined as traders reacted to the latest EU inflation numbers ahead of Congressional testimony by Jerome Powell and US consumer confidence data.  EUR/USD price action EU inflation rising Eurozone consumer inflation continued to rise in January even as countries placed travel restrictions. According to Eurostat, the headline…

The EUR/USD price rebounded today after the relatively strong German sentiment data from Germany. The pair rose from an intraday low of 1.2088 to a high of 1.2140. EUR/USD price action German sentiment improves The German business sentiment improved in February as the government rolled out its large scale…

The EUR/USD price spiked today after the relatively strong European manufacturing and services PMI numbers. The pair also dropped because of the ongoing sell-off of the US dollar. EUR/USD technical chart Upbeat European data The European economy is making a strong comeback as countries ease their travel restrictions. According…

The EUR/USD rallied today after the relatively better economic numbers from the European Union. The pair rose to an intraday high of 1.2165, which is the highest it has been since January 27.  EUR/USD price action Better EU GDP estimates Eurostat, the main statistics agency for the European Union,…

The EUR/USD is rising today after the relatively strong German inflation numbers. The pair is trading at 1.2132, which is substantially above Friday’s low of 1.1955. German strong inflation data Germany has been deeply affected by the coronavirus pandemic. However, unlike other countries, its important automobile industry has done…

The EUR/USD is in a tight range ahead of key economic data from the United States and Germany. The pair is trading at 1.2035, which is 0.75% above last Friday’s low of 1.1955. EUR/USD price action Important German economic data ahead This week, the German statistics office will publish…

The EUR/USD price declined for the fourth consecutive day even after the relatively strong economic data from Europe. The pair dropped to an intraday low of 1.2000, which was the lowest level since 1st December.  EUR/USD price action Strong EU retail sales The Eurozone’s retail sales rebounded in December,…

The EUR/USD price launched lower after Eurostat published the preliminary EU GDP data. The pair dropped to 1.2030, which is 2.5% below the year-to-date high of 1.2348.  EUR/USD price action EU GDP contracted in Q4 The European economy contracted in the fourth quarter as the region continued to battle…

The EUR/USD pulled-back today, driven by the rising risks in the market and the mixed economic data from Europe. The pair dropped to 1.2080, which is 2.8% below the year-to-date high of 1.2348. Wall Street Bets risks push the dollar higher The EUR/USD is falling partly because of the…

The EUR/USD pulled-back today after more weak economic data from Europe and the anticipation of the FOMC interest rate decision.  EUR/USD price action Weak European data On Monday, data by the Ifo Institute showed that the business climate in Germany deteriorated in January as the second wave of the…

The EUR/USD pared earlier gains after weaker German sentiment data sent more signals of a double-dip recession in the European Union. The pair dropped to an intraday low of 1.2144. EUR/USD erased earlier gains German business sentiment worsened After months of improvements, the sentiment among business managers in Germany…

The EUR/USD rose on Friday even after the relatively weak manufacturing and services PMI numbers from the Eurozone. It is trading at 1.2165, which is slightly lower than the year-to-date high of 1.2355. EUR/USD price action Eurozone double-dip recession? The European Union had a weak start of the year,…