The cooling of tensions in the Middle East has allowed the Euro to recapture some of the ground it lost to the Dollar in the wake of news the U.S. had killed senior Iranian military commander Qasem Soleimani, and technical analysts suggest the Euro-to-Dollar exchange rate is in the process of restarting its uptrend.
January 7,2020
The Euro ceded ground to the Dollar in the opening days of the New Year and rising tensions between the U.S. and Iran mean the it could face further downward pressure early in the new week, although technical analysts say the downside is limited and that fresh gains are likely before long.
January 5,2020
The Euro was on course for its fourth consecutive day of gains over a rapidly weakening Dollar Monday even as risk appetites appeared to falter, although U.S. manufacturing PMI surveys due over the remainder of the week are a downside risk to the Euro-to-Dollar rate.
December 30,2019
The Euro spiralled into the weekend on Friday after President Donald Trump said he has agreed a 'phase one deal' with China that averts another volley of tariffs that had been due for implementation Sunday, boosting the Dollar, Renminbi and safe-havens but crushing most other major currencies.
December 13,2019
The Euro remained on its front foot Thursday after the European Central Bank (ECB) left its interest rates and quantitative easing program unchanged for December, although the single currency must still navigate a looming press conference, the UK general election as well as the twists and turns of the Dollar.
December 12,2019
The Euro drew only a limited boost Tuesday from a sharp rise in November’s Leibniz Centre for European Economic Research (ZEW) survey, as markets await central bank decisions on both sides of the Atlantic and amid a lingering threat that more U.S. tariffs could hit China’s exports in the coming days.
December 10,2019
The Euro closed last week on the back foot after economic data served the market a reminder of the Transatlantic divergence in economic fortunes, which could weigh on the single currency again in the days ahead even if the charts are still pointing higher.
December 8,2019
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