Tag Archives: Euro

The Euro (EUR) is declining against the US Dollar (USD) on Monday, with increasing concerns about the Coronavirus (COVID-19) pandemic leaving their toll on the European currency. The EUR/USD is trading lower for the day by 0.84% at 1.1741. The pair has been moving in a range between 1.1732 and …

The euro rose slightly as traders indicated the calm approach of policymakers in the European Central Bank regarding the recent rise of the euro, while the Norwegian krone rose on official expectations that the current economic contraction will be less than expected. After a press conference on Thursday in which …

“The Governing Council discussed the appreciation of the euro, but as you know we don’t target the exchange rate.”“The incoming data since our last monetary policy meeting in July suggest a strong rebound in activity broadly in line with previous expectations.”“Euro-area domestic demand has recorded a significant recovery from low …

The single currency continued its negative movements within the expected downward path, approaching the critical level of 1.1720, and flirting with session low at 1.1749. Technically, today’s trading is witnessing attempts to re-test the previously broken support, which became a resistance level at 1.1855/1.1850, which is also the broken support …

The euro fell against the dollar on Tuesday, September 8th, as dealers awaited the European Central Bank’s meeting this week, and London’s renewed warning prompted a failure to reach an agreement on Britain’s withdrawal from the European Union. The pound would continue to decline. The euro is hovering around $ …

The euro’s exchange rate stabilized against the dollar above $ 1.18 Monday (September 7th) as traders assess the latest US jobs data and prepare for the European Central Bank’s meeting on Thursday to see whether policymakers provide more stimulus. The dollar plunged to its lowest level in more than two …

Germany’s Minister of Finance, Olaf Scholz, said on Wednesday that the European economy will recover from the impacts of the COVID-19 crisis, but might face some hardships in the near term, Reuters reported. “Europe has dealt with a historic challenge and has provided a very good response, has shown solidarity …

European shares opened higher on Wednesday, September 2, after suffering losses for four consecutive sessions, while the media and entertainment sector recovered from the large losses recorded in the previous session. The European Stoxx600 index rose 1.1% in early trade, after losing more than 2% over the past four sessions. …

The dollar and euro were cautious in trading on Wednesday, August 26th, with dealers reluctance to make risky bets ahead of an important speech by US Federal Reserve Chairman Jerome Powell. In light of growing expectations that Powell will unveil a more tolerant policy towards inflation at the annual Jackson …

The single European currency has witnessed positive movements during Monday’s trading, settling above the lowest level in a week against the US dollar recorded earlier, after the US dollar’s ​​rise slowed, in conjunction with renewed purchases of high-risk currencies. The euro is currently higher against the dollar by more than …