Tag: EUR/USD

ECB Holds Interest Rates but Hints at Expanded QE Program

European stocks soared on last Thursday, while the euro plunged 1% against the dollar after the European Central Bank hinted at more stimulus in...

US Dollar Index Treks Higher Following NFP Report

The US dollar advanced briskly on Friday, as non-farm payrolls rose more than forecast in May, easing concerns about a broader economic slowdown in...

EUR/USD Resumes Uptrend as Bailout Hopes Rise

The EUR/USD continued to soar on Wednesday, as the European Central Bank held interest rates at 0.05% amid growing optimism that a new Greece...

Euro Soars on News of Possible Greece Deal

Negotiations between Greece and its international creditors advanced on Tuesday, raising hopes that a new deal agreement would be reached before Thursday’s payment deadline...

GDP Revision Weighs on US Dollar

The US dollar was mildly weaker on Friday following a government revision of first quarter GDP showing the US economy contracted at the start...

EUR/USD Backtracks as Greek Talks Stall

The EUR/USD tumbled to fresh monthly lows on Wednesday, as talks between Greece and European creditors stalled, raising concerns that Athens was on the...

US Dollar Index Surges as Business Investment Plans Appreciate

  The US dollar surged on Tuesday, picking up where it left off last week as investors responded to mixed economic data. The trade-weighted US dollar...

EUR/USD Tumbles on Broad Dollar Rally

The EUR/USD tumbled to fresh monthly lows on Friday, as the dollar rallied across the board despite mixed inflation figures out of Washington. The EUR/USD...

EUR/USD Rises to Higher Ground

The EUR/USD climbed to higher ground on Thursday, advancing for a fourth consecutive day amid broad US dollar weakness. The EUR/USD climbed to a session...

EUR/USD Gains Traction

The EUR/USD soared on Wednesday, climbing to its highest level of the week following disappointing US retail sales figures and growing signs of a...

USD Weekly Outlook (May 4-8)

The US dollar continued to backslide last week, falling nearly 2% against a basket of currencies as weak economic data kept demand for the...

GBP/USD Pares Gains following Mixed UK Data

The GBP/USD declined on Friday, but was still trading near two-month highs following disappointing manufacturing data. The GBP/USD fell sharply from the 1.5400 region, which...

EUR/USD Pares Gains amid US Data

The EUR/USD surged past the 1.12 handle on Thursday before quickly consolidating in the mid-1.11 region, as the markets digested a series of Eurozone...

EUR/USD Hits 2-Month Highs

The EUR/USD surged 150 pips on Wednesday, climbing to its highest level in two months after the US government said the economy barely expanded...

US Dollar Continues to Weaken ahead of Fed

The US dollar continued to backtrack on Tuesday, as the euro and British pound rose to new highs as the United States Federal Reserve...

US Dollar Index Rebounds as Greek Debt Crisis Worsens

The US dollar rallied on Monday, although gains were limited ahead of a deluge of economic data, as the markets absorbed the growing possibility...

EUR/USD Supported by Rising German Business Confidence

Rising German business confidence supported the EUR/USD on Friday, outweighing heated negotiations between Greece and the Eurozone at this week’s Eurogroup meetings. The EUR/USD briefly...

US Dollar Index Resumes Descent

The US dollar was back on its heels on Thursday, declining against a basket of trade-weighted peers following disappointing housing data. The US dollar index,...

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