Tag Archives: Euro

The dollar rose on Wednesday before Federal Reserve Chairman Jerome Powell speaks to Congress as his comments are expected to reflect tightening monetary policy, while the British pound rose slightly after stronger-than-expected British inflation data. Britain’s consumer price index held steady at 8.7 percent in May, despite hopes that it …

. The EUR/USD pair found difficulty in breaching the strong resistance level published during the previous technical report at 1.0940, explaining that it represents the key to the continuation of the upward attempts, which forced the pair to trade in negativity, recording its lowest level at 1.0892. On the technical …

The EUR/USD began the US session hesitating due to the US dollar’s strength, but the pair eventually managed to become higher after three-day downtrend. ECB policymakers keep suggesting higher rates even as inflation clues, growth numbers ease. Fed OFFICIALS ALSO reiterate hawkish bias ahead of Powell’s bi-annual Testimony before the …

The yuan tumbled to a seven-month low on Tuesday after China cut interest rates, while the Swedish krona slid to its lowest level since 2009 against the euro on persistent concerns about the real estate sector. China cut the key interest rate for one-year and five-year loans by 10 basis …

German stocks led losses among European bourses on Tuesday, with speciality chemicals Lanxess falling after the company cut its forecasts, and a modest rate cut in China failed to lift investor sentiment. Germany’s DAX fell 0.3% by 0750 GMT, further away from Friday’s record high. The pan-European Stoxx 600 index …

. Quiet trading tended to be negative but limited at the beginning of the week, amid the US markets holiday, to find the EUR/USD pair stable intraday above 1.0900. Technically, and with a closer look at the 4-hour chart, the simple moving averages continue to hold the price from below, …

European equities dipped at the opening bell on Monday, led by Franco-German lab equipment maker Sartorius, as investors expected additional stimulus measures from China to boost demand. By 0719 GMT, the pan-European STOXX 600 index had down 0.5%, while Germany’s DAX had fallen 0.4% after ending at a record high …

The dollar felt its way on Monday, as investors continued to analyze the results of the central bank meetings witnessed last week, including the Bank of Japan’s decision to adhere to the monetary easing policy that keeps the yen weak. The dollar index, which measures the performance of the greenback …

European stocks rose at the open on Friday, supported by gains led by the healthcare sector at the end of a busy week of monetary policy decisions by central banks. And by 0717 GMT, the European Stoxx 600 index rose 0.2%, and the healthcare sector index rose 0.5%. The STOXX …

The yen fell after the Bank of Japan on Friday kept interest rates ultra-low and predicted inflation would slow later this year, reiterating its monetary easing stance that runs counter to the tightening policies of other central banks around the world. As widely expected, the BoJ kept the short-term interest …