Investors are gearing up for a busy week ahead with the focus primarily on the US labor market and Fed Chair Powell. The global financial markets are hoping for a 25-basis point rate hike in March while the hawks are pushing for a 50-basis point move. Market Outlook for the Dollar ets are hoping for […]
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 pair recently witnessed a fall as the euro weakened against the US dollar, causing a stir in the markets. The euro’s fall has come amid concerns about the possible overtightening of ECB policy as well as the divergence in economic performance between the Eurozone and the US. The US has been recovering from […]
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 […]
Following the US Federal Reserve’s (Fed) announcement of its monetary policy decision last Wednesday, the EUR/USD pair increased to its highest level since late April last Thursday, touching 1.1034. Prior to the European Central Bank’s (ECB) decision early on Thursday, financial markets had no time to recuperate, which ultimately caused the euro to decline. EUR/USD […]
Today, the eurozone saw the release of several key economic indicators, including inflation and labor market data, which were eagerly awaited by investors. However, despite the positive results, the EUR/USD currency pair did not reflect the data. The French inflation, while missing its estimates, still showed improvement compared to the December figure, with an actual […]
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 […]
After Federal Reserve policymakers restated their commitment to raising US interest rates more than markets presently anticipate, the dollar (USD) weakened on Friday but was still on track for its highest weekly gain in a month. It decreased in value vs. the pound (GBP), which increased after a tumultuous day on Thursday in response to […]
The euro (EUR) reclaimed its footing above parity against the dollar (USD) on Tuesday as traders turned their focus to Germany’s inflation data, which should give indications of the likelihood of an aggressive interest rate hike decision by the European Central Bank (ECB). At press time, the EUR/USD pair trades up by 0.32% today, after […]
