The Euro appreciates against the US Dollar for the second consecutive day on Thursday, trading at 1.1765 at the time of writing, fuelled by hopes of a peace deal that would end Iran’s war and upbeat Eurozone macroeconomic releases. Data released on Thursday indicated that Eurozone Retail Sales experienced a slight decline of 0.1% in … Read more
The EUR/USD pair sees increased buying interest near 1.1720 during the Asian trading session on Wednesday, supported by a more favorable risk sentiment. US President Donald Trump announced that Project Freedom and the movement of ships through the Strait of Hormuz have been temporarily halted. Market participants prepare for the upcoming US ADP Employment Change … Read more
EUR/USD eases to approximately 1.1690 during the early Asian session on Tuesday. Iran executed missile and drone strikes against the UAE following a series of assaults on commercial vessels. ECB’s Nagel indicated that the central bank might have to increase rates in June. The EUR/USD pair is currently positioned in negative territory, trading around 1.1690 … Read more
The EUR/USD pair has experienced a pullback recently, declining from last month’s peak of 1.1855 to the present level of 1.1720. This retreat occurred following the latest interest rate decisions made by the Federal Reserve and the European Central Bank. The EUR/USD pair experienced a decline following the interest rate decisions announced by the Federal … Read more
EUR/USD is advancing towards the 1.1730 level in the early Asian session on Friday. The ECB maintained its current interest rates during the policy meeting held in April on Thursday. Rising tensions between the US and Iran may bolster the US Dollar, recognized as a safe-haven asset. The EUR/USD pair sees interest from buyers near … Read more
The EUR/USD pair has weakened to approximately 1.1680 during the early Asian session on Thursday. The Federal Reserve has opted to maintain the interest rates within the 3.50%-3.75% range during the April meeting held on Wednesday. The European Central Bank is anticipated to maintain the current key interest rates during its forthcoming meeting. The EUR/USD … Read more
EUR/USD declines to approximately 1.1715 during the early Asian session on Wednesday. The Federal Reserve is expected to keep interest rates steady during its policy meeting on Wednesday in April. The ECB is anticipated to keep its key interest rates steady at their existing levels in the forthcoming meeting on Thursday. The EUR/USD pair trades … Read more
EUR/USD shows slight upward movement around 1.1725 during the early hours of Tuesday’s Asian session. Iran has proposed to restore access to the Strait of Hormuz contingent upon the lifting of the US blockade and the conclusion of hostilities. Market participants prepare for the upcoming rate decisions from the Fed and ECB on Wednesday and … Read more
EUR/USD has pulled back from session peaks near 1.1730, yet it maintains a stable position above 1.1700 at this point. In May, German GfK Consumer Confidence declined more than anticipated. Market participants continue to express optimism regarding a potential US-Iran peace agreement, contributing to the ongoing softness of the safe-haven USD. The Euro continues to … Read more
The EUR/USD exchange rate has experienced a consistent decline, reaching 1.1688 on Yesterday. The US dollar has reached ten-day highs, reflecting a stagnation in US-Iran peace negotiations, which has subsequently increased demand for the currency as a safe-haven asset. The Strait of Hormuz is currently in a state of effective closure. Tehran maintains its grip … Read more