Traders, you might want to keep an eye on the EUR/USD currency pair as it continues to rise. Since September 2022, the pair has been on a steep uptrend, thanks to a hawkish European Central Bank (ECB) and a weaker US dollar. The ECB has remained committed to raising rates until inflation shows significant signs […]
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 […]
The EUR/USD has failed to show any significant moves this morning despite the European Commission raising its 2023 growth forecast for the EU. Market sentiment remains risk-averse ahead of tomorrow’s release of EU GDP and US inflation data. The EU economy has started the year in a better position than expected in the fall. This […]
The euro continued its upward trajectory on Thursday, peaking at around 1.0790, driven by risk-on sentiment and a slight pullback in recent days. Over the past few months, the EUR/USD exchange rate has risen more than 13%, rebounding from its bear market lows of below 0.9600 in September 2022. The euro’s rapid recovery has been […]
EUR/USD was impacted by the European Central Bank’s (ECB) decision to raise interest rates by 50 basis points on Thursday. This move was in line with market expectations, and the ECB confirmed that it plans to raise rates further to bring inflation back to its 2% medium-term target. The central bank has been hawkish in […]
On Friday, the EUR/USD currency pair experienced a two-day reversal last week, moving closer to 1.0850. This was primarily due to a negative shift in risk sentiment and expectations of profit-taking before the weekend. Support for the US Dollar was strengthened by positive US macroeconomic data released on Thursday. The US Commerce Department reported an […]
On Thursday, the EUR/USD currency pair saw an acceleration in its upside, reaching levels last seen in late April 2022, above the 1.0830 mark. This increase is due to a combination of factors, including increased selling pressure on the dollar, which was particularly exacerbated following the release of US inflation figures for December. The US […]
With the European Central Bank (ECB) resuming operations yesterday, the euro (EUR) extended its gains against the British pound (GBP) from yesterday. One of the more outspoken officials, Isabel Schnabel, bolstered the hawkish narrative, while the ECB’s Villeroy stated that future interest rate increases are required for his remarks today. Money markets are currently pricing […]
