The euro has gained some ground against the dollar and other major currencies after a Reuters report revealed that the European Central Bank (ECB) may soon start discussing how to reduce the huge amount of excess cash in the banking system. Citing insights from six reliable sources, the report forecasts that deliberations concerning the multi-trillion-euro […]
In a promising development, the euro made gains against the dollar on Wednesday as new inflation data from Germany and Spain heightened the likelihood of an impending rate hike by the European Central Bank (ECB). Fresh statistics reveal that consumer prices in both of these nations surged beyond projections in August, signaling a growing buildup […]
In what seemed like a promising year for the euro, the currency has experienced a remarkable 3.5% surge against the dollar, hovering just under the $1.10 mark. Investors have been riding high on optimism as they bet on the euro’s continued rise, speculating that the U.S. Federal Reserve will halt its rate hike cycle before […]
The euro faced a setback in its recent rally against the US dollar, failing to maintain its grip above the psychological level of 1.1000. Instead, it closed the week at 1.0844 after a significant sell-off on Friday, triggered by lackluster Purchasing Managers’ Index (PMI) data from Europe. Although the euro had been experiencing a […]
The EUR/USD currency pair finds itself at a critical juncture as it tests a prior level of resistance just shy of 1.0800. That said, in an encouraging turn of events, the pair has managed to reach a fresh two-week high, signaling potential bullish momentum. However, the market is likely to remain ensnared in a tight […]
The euro had a tough time in the currency market this week, with losses piling up against its American counterpart, the US dollar. The EUR/USD pair saw its fourth week of consecutive losses, raising eyebrows and leaving currency traders wondering about the euro’s prospects. Despite European Central Bank (ECB) policymakers maintaining a bullish stance throughout […]
The euro faced a tough blow this week as Germany, the powerhouse of the Eurozone, slipped into a recession during the first quarter of 2023. Known for its economic prowess, Germany’s unexpected downturn has sent shockwaves through the currency markets, dampening sentiment toward the euro. As the nation grapples with rising inflation and a reduction […]
The euro has managed to squeeze out some gains against the US dollar in early trading today, following a slightly weaker greenback and better-than-expected German CPI data. Although the actual numbers were in line with forecasts, the 8.7% figure highlights the elevated and stubborn inflationary pressures in Germany, and this data is seen as a […]
The euro took a bit of a tumble on Thursday as inflation in the eurozone dropped to 8.5% in February, down from 8.6% in January. This drop came as a bit of a surprise to investors, who had been expecting inflation to remain high based on recent national readings. It just goes to show that […]
