The EUR/USD exchange rate has recently weakened, approaching the 1.0450 level, pressured by a confluence of interwoven factors. A key driver is the strengthening US dollar, bolstered by the Federal Reserve’s unwavering commitment to a restrictive monetary policy. Comments from Fed officials suggest no immediate policy adjustments are anticipated, reinforcing …
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Although the EUR/USD recovers some of its intraday losses and closes to 1.0300, the picture remains murky due to fresh concerns over US President Trump’s tariffs. President Trump of the United States is about to impose 25% tariffs on all imports of steel and aluminum.On Tuesday and Wednesday, investors look …
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The euro zone’s economic activity contracted for the second consecutive month in December 2024, as ongoing weakness in the manufacturing sector overshadowed a modest recovery in services, according to the latest survey data. Key Economic Indicators HCOB Composite PMI: Rose to 49.6 in December from 48.3 in November, slightly above …
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The EUR/USD currency pair recently displayed a modest rebound, inching towards 1.0430 after a period of decline. While this provides some respite, the pair remains below the crucial 20-day SMA, indicating a persistent downtrend. A sustained break above this SMA would be necessary to signal a potential shift in market …
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The EUR/USD currency pair experienced a sharp decline at the beginning of the week, falling by 0.35% to trade near the 1.0400 level. This marked a reversal of the modest gains observed in the preceding sessions, highlighting the persistent bearish sentiment dominating the market. The 20-day Simple Moving Average (SMA), …
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The EUR/USD currency pair surged on Thursday, driven by a combination of factors. A weaker-than-expected US jobs report and anticipation of the upcoming Nonfarm Payrolls data fueled the rally. However, political uncertainty in France and mixed Eurozone economic data tempered the Euro’s gains.US Economic Data and Fed OutlookThe US Department …
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The Federal Reserve’s anticipated 25-basis point interest rate cut on Thursday tempered the Euro’s earlier gains against the US Dollar. While the move aligned with market expectations, it shifted market focus to the Fed’s December meeting, where another rate cut is widely anticipated.The Euro, the official currency of the Eurozone, …
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The foreign exchange market has been witnessing intriguing dynamics, primarily driven by the divergent economic trajectories of the Eurozone and the United States. The Euro has surged against the US Dollar, reflecting a confluence of factors that have propelled the Eurozone economy and dampened the appeal of the dollar.The recent …
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The EUR/USD exchange rate is likely to continue falling as the European Central Bank is expected to lower interest rates again. The value of the EUR/USD pair is currently at 1.0800, but its future direction is uncertain due to expectations that the ECB will adopt a more lenient monetary policy. …
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EUR/USD Plummets Ahead of ECB Rate CutThe Euro is under significant pressure, pushing EUR/USD to multi-week lows as investors anticipate a rate cut from the European Central Bank (ECB). The ECB is widely expected to reduce its interest rates by 25 basis points on Thursday, a move that could further …
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