Tag Archives: Euro
US dollar gains momentum as euro dips below its weekly peak
Key points: The EURUSD pair moved lower as technical traders took control in a week lacking major economic news. The euro dipped below $1.0850, extending its decline from the $1.09 level. This marks the second consecutive day of negative performance for the pair, which is now down approximately 100 pips from its mid-July peak ofContinue Reading
Euro and the British pound directionless as China rate cuts and US election uncertainty creeps in
Euro and the British pound trades directionless as forex markets react to China’s rate cuts and Biden’s election decision. Read more for market analysis and forecast
Dollar falters as Fed rate cuts approach
Key points: The dollar experienced a mixed performance on Wednesday following a brief boost from better-than-expected U.S. retail sales data. Traders remained focused on the prospect of Federal Reserve rate cuts potentially as early as September. The New Zealand dollar (NZDUSD) rose as data revealed higher-than-expected non-tradable inflation in the second quarter, despite the headlineContinue Reading
US Dollar retreats on cooling inflation data, Euro and Pound surge
US dollar retreats as cooling inflation fuels rate cut speculation. Euro and pound surge while volatility spikes for yen. More about the market implications and forecasts.
Yen fluctuates with intervention talks; Asian shares on track for weekly gain
The yen experienced significant swings on Friday, reflecting investor nervousness after Tokyo likely intervened to support the Japanese currency following a cooler-than-expected U.S. inflation report. Learn what to expect for the Yen in coming weeks.
Euro climbs following France’s first-round vote, yen falters
Key points: On Monday, the euro rose following the first round of France’s snap election, which put Marine Le Pen’s far-right National Rally (RN) party in the lead. However, the margin was smaller than initially projected. This development came as a relief to markets concerned about potential expansionary and unsustainable fiscal policies from a strongerContinue Reading
Yen cautious before BOJ meeting; Euro falters with weekly loss in sight
Key points: On Friday, the yen was on the defensive as traders awaited the Bank of Japan’s policy decision, while the euro was headed for a weekly loss due to political turmoil in France. The dollar gained strength against both currencies, buoyed by safe-haven bids and eurozone political uncertainties. Yen anticipates BOJ decision Picture: JapaneseContinue Reading
Euro hits one-month low following Macron’s snap French election call
Key points: The Euro experienced a decline, reaching a one-month low, as French President Emmanuel Macron announced a snap legislative election, stirring political uncertainties. Concurrently, the dollar gained strength, buoyed by an unexpectedly strong U.S. jobs report last Friday, which tempered expectations for imminent rate cuts. Picture: The downside prevails for EUR/USD pairs. Download theContinue Reading
Dollar remains close to an 8-week low as payroll test approaches
Key points: The dollar hovered close to an eight-week low on Friday, with market participants keenly awaiting the U.S. jobs report. This report is expected to provide important clues on the timing of potential Federal Reserve interest rate cuts. The euro retained its overnight gains after the European Central Bank (ECB) reduced rates in aContinue Reading
ECB set to cut interest rates following inflation confidence in inflation data
Key points: The European Central Bank (ECB) is poised to make its first interest rate cut since 2019, with a 25-basis point reduction anticipated on Thursday. This move comes from increased confidence that inflation will return to the level targeted by the ECB. Such a decision to cut rates signals a shift in its monetaryContinue Reading
