Tag Archives: Euro

Markets were hit by a wave of risk aversion on Monday, benefitting the safe-havens and hurting the risk-sensitive currencies, though the latter group had pared back on much of their earlier underperformance by the end of US trade as risk appetite recovered.Market commentators said that geopolitical concerns about the rising …

The EUR/USD pair has dropped to 1.1289, reaching lowest level since 10 January and then rebounded. It is back above 1.1320, still in negative territory but off lows and back above the critical 1.1300 area.If the pair manages to remain above 1.1300 it could remain in the current range with …

The dollar is set for its best weekly performance in a month against other major currencies on Friday, as the global reserve currency maintained its strength amid a sell-off of riskier assets in the markets. Investor sentiment has been affected in recent days by weak economic data, spreading inflation and …

The strong supply area published yesterday, at 1.1370, managed to limit the bullish bias witnessed by the euro against the US dollar, which forced it to trade negatively, to retest the psychological support level 1.1300. On the technical side, the movements are witnessing a downward tendency, between 1.1300 and 1.1370. …

The US dollar traded with a soft tone on Thursday, ending the day mixed across the major currencies. The EUR was among the weakest, while the AUD and the CAD were the strongest.Disappointing US employment data was behind the broad dollar’s weakness at the beginning of the American session, as …

The EUR/USD pair is holding the lower ground below 1.1350, as the US dollar attempts to bounce in tandem with the Treasury yields amid a risk-on mood.The sentiment on Wall Street improved dramatically, in anticipation of the corporate earnings reports. That fueled a fresh selloff in the US Treasuries, which …

Inflation in the Eurozone climbed to a rate of 5% in December, the highest level since the single Euro currency was created. Inflation in the Eurozone climbed to a rate of 5% in December, the highest level since the single European currency was created. According to the latest figures from …

Markets were waiting for the US data before making any aggressive bets. According to the accounts of the December European Central Bank monetary policy meeting, it was cautioned that a “higher for longer” inflation scenario could not be ruled out.  There were 286,000 initial claims for unemployment benefits in the …

The dollar fell on Thursday as the rally in US Treasury yields stalled this week, while commodity-linked currencies such as the Canadian and Australian dollars rose amid rising commodity prices and optimism about global economic growth. The euro and sterling rose gradually to catch a breath after they suffered the …

The moves of the single European currency showed sideways movements that tended to the upside, building on the support of the psychological barrier 1.1300, and the pair is now hovering around its highest level during the early trading of the current session 1.1350. Technically, by looking at the 4-hour chart, …