Euro Currency

FX Rate Updates

EUR/USD Plummets to 1.1600 on Strong US Data Surge Cash

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EUR/USD declined to a new yearly low below 1.1600 on Thursday, driven by robust economic data from the US and widespread strength of the US Dollar. Traders exhibited a heightened appetite as Trump softened his rhetoric regarding Iran; however, the data from the Eurozone did not provide the necessary support for the shared currency. The … Read more

FX Rate Updates

EUR/USD steady at 1.1650 as US PPI heats up

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EUR/USD is in a consolidation phase on Wednesday, hovering around 1.1645, remaining unchanged as a risk-off sentiment driven by geopolitical uncertainties keeps traders cautious. The Eurozone presented a limited economic schedule, while the US had a more active one, indicating that factory input prices had increased, impacting traders’ expectations for a Fed rate cut in … Read more