The EUR/USD pair is currently trading around 1.15270 USD per euro. The market is under downward pressure, mainly due to differences in monetary policy between the European Central Bank and the US Federal Reserve. Souce: xStation5 What is shaping the EUR/USD today? The dollar remains relatively strong following the Fed’s recent 25 basis point rate […]
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31
Oct
Oct
EUR/JPY stabilizes near record high as ECB holds rates, Yen weakens on fiscal concerns
EUR/JPY stabilizes around 178.30 on Friday, virtually unchanged on the day after briefly pulling back from its all-time high reached the previous day at 178.82. The pair remains supported by a favorable rate differential for the Euro (EUR), while investors stay cautious toward the Japanese Yen (JPY). The JPY initially found modest support after the release of […]
31
Oct
Oct
EUR/USD keeps hovering near lows as Eurozone inflation fails to impress
EUR/USD is trading practically flat on Friday, changing hands at 1.1570 at the time of writing, unable to take a significant distance from te two-month lows in the area of 1.1540, The pair remains on its back foot with teh USD drawing support from the dismal market moopd and dwindling hopes thst the Federal Reserve (Fed) […]
31
Oct
Oct
When is the Eurozone Prelim HICP inflation and how could it affect EUR/USD?
The Eurozone Prelim HICP Overview Eurostat will publish the preliminary Eurozone Harmonized Index of Consumer Prices (HICP) data for October later on Friday at 10:00 GMT. Eurozone flash HICP inflation is expected to ease to 2.1% year-over-year (YoY) in October, from 2.2% in September. Meanwhile, the annual core inflation is also anticipated to edge down […]
31
Oct
Oct
EUR/JPY holds steady above 178.00, remains close to record high touched on Thursday
The EUR/JPY cross attracts some dip-buyers near the 177.85 area during the Asian session on Friday, and for now, it seems to have stalled its modest pullback from the all-time peak, touched the previous day. Spot prices currently trade around 178.15 region, nearly unchanged for the day, and remain on track to register strong monthly […]
30
Oct
Oct
EUR/USD holds mild gains following upbeat Eurozone’s macroeconomic data
EUR/USD is going through a mild recovery on Thursday, trading around 1.1625 at the time of writing, after hitting lows at 1.1580 on Wednesday. A moderate risk appetite on news of a Sino-US trade deal and better-than-expected Eurozone Gross Domestic Product (GDP) is buoying the Euro (EUR) ahead of the European Central Bank’s (ECB) monetary policy decision. Eurozone’s […]
30
Oct
Oct
EUR/JPY surges above 177.50 following BoJ interest rate decision, ECB policy eyed
EUR/JPY gains ground after two days of losses, trading around 177.50 during the Asian hours on Thursday. The currency cross receives support as the Japanese Yen (JPY) faces challenges after the Bank of Japan (BoJ) decided to keep the short-term interest rate target unchanged in the range of 0.4%- 0.5% in October. The BoJ decision came in […]
30
Oct
Oct
EUR/USD rises to near 1.1630 as US Dollar corrects after Trump-Xi meeting
The EUR/USD pair trades 0.25% higher to near 1.1630 during the late Asian trading session on Thursday. The major currency pair attracts bids as the US Dollar (USD) corrects after United States (US) President Donald Trump and Chinese leader Xi Jinping concluded the meeting without signing a trade deal. During the press time, the US […]
29
Oct
Oct
EUR/USD slides as Fed delivers rate cut, signals end of QT
EUR/USD seesawed within the 1.1650-1.1635 range on Wednesday as the Federal Reserve (Fed) cut rates by 25 basis points, as expected, yet there were two dissenters at the meeting. At the time of writing, the pair trades volatile, as traders await the Fed Chair Jerome Powell’s press conference. Dollar swings as traders await Powell’s tone for clues on future […]
29
Oct
Oct
EUR/JPY returns above 177.00, Yen eases ahead of the BoJ’s decision
The Euro reversal from Monday’s highs at 178.23 against the Japanese Yen has been halted at the 176.65 area on Wednesday’s Early European session, and the pair bounced back to levels above 177.30 at the time of writing, which keeps the pair’s broader bullish trend intact. The Yen is trimming previous gains on Wednesday, with most […]
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