EUR/USD News, Page 1

The U.S. Dollar finished mixed against individual currencies last week, but because of the weighting, the Dollar Index finished higher for the week. The Euro represents 57.6% of the index, the Japanese Yen 13.6%, the British Pound 11.9%, the Canadian Dollar 9.1%, the Swedish Krona 4.2% and the Swiss Franc

Earlier in the Day:Economic data released through the Asian session this morning was on the lighter side, limited to inflation figures out of Japan.For the Japanese Yen, it was another soft inflation number, with the Tokyo Core CPI rising by 0.5% in May, year-on-year, the annual rate of core inflation

The U.S. Dollar closed lower against a basket of currencies on Thursday, losing ground to most majors. The Greenback fell after U.S. President Donald Trump called off a summit meeting with North Korean leader Kim Jong Un.June U.S. Dollar Index futures settled at 93.701, down 0.217 or -0.23%.Daily June U.S.

Earlier in the Day:Economic data released through the Asian session this morning was limited to April trade data out of New Zealand.For the Kiwi Dollar, April’s monthly trade balance was a surplus of NZ$263m, which was lower than the average monthly surplus in the last five April months (NZ$344), with

Earlier in the Day:Key economic data released through the Asian session this morning was limited to 1st quarter construction work figures out of Australia and prelim May manufacturing PMI numbers out of Japan.For the Japanese Yen, the Manufacturing PMI stood at 52.5 in May, according to prelim figures, falling short

The Italian Election has delivered a Coalition Government that “will put Italian national interests first”. This is creating a tension with the EU as the new government has proposed billions of euro in tax cuts, increased social welfare payments and scrapping pension reform, all of which would break the fiscal

Earlier in the Day:It was a particularly quiet Asian session on the economic data front, with no material stats released, leaving the markets to consider current positions and what lies ahead, with a mass of central bankers scheduled to speak, non-voting members Harker and Kashkari having shared their relatively dovish

The U.S. Dollar rose against a basket of currencies early Monday as investors digested the outcome of the trade talks between the United States and China, which ended in a stalemate, but essentially was a truce between the two economic powerhouses. Traders said the buying may have been fueled by

US Treasury Secretary Steve Mnuchin gave an interview on NAFTA over the weekend where he said that President Trump is “more determined to have a good deal than he’s worried about any deadline”. He spoke about the US acceptance of the deadline slipping into 2019 once the right deal for

Earlier in the Day:It’s a relatively quiet start to the week, with Asian stats in focus today, economic data released through the Asian session including 1st quarter retail sales figures out of New Zealand and Japan’s all important April trade figures.For the Kiwi Dollar, it was yet another disappointment, with

The U.S. Dollar put in a stellar performance against a basket of major currencies last week, bolstered by solid U.S. economic data, rising U.S. Treasury yields and a weak performance in the Euro.Last week, June U.S. Dollar Index futures hit a five-month high and finished the week with five consecutive

On the MacroFor the Dollar, With U.S retail sales and hawkish FOMC member commentary contributing to the Dollar rally last week, it’s May’s prelim private sector PMI numbers on Tuesday, the FED meeting minutes on Wednesday and April durable goods orders on Thursday that will be in focus, though the

U.S. Dollar Index futures are trading slightly lower on Friday, while continuing to hover around a five-month high hit earlier in the week. The Greenback was buoyed by a rise in U.S. Treasury yields that indicates the economy is heating up, raising expectations for further rate hikes later this year.At

Earlier in the Day:It was a relatively quieter day through the Asia session this morning, with economic data limited to April inflation figures out of Japan.April’s annual core rate of inflation stood at 0.7%, falling short of a forecasted 0.8%, whilst easing from March’s 0.9%, with headline consumer inflation falling

The Government agreed on a new “backstop” earlier this week to avoid a hard border on the island of Ireland. This came after rejecting earlier EU proposals ahead of the looming June deadline. This was despite objections from Foreign Secretary Johnson and Environment Secretary Gove. GBP has rallied well and

Earlier in the Day:Economic data released through the Asian session this morning included New Zealand’s 1st quarter producer price figures, April CAPEX figures out of Japan and Australia’s all-important April employment numbers.For the Kiwi Dollar, 1st quarter producer input prices rose by 0.6%, coming in ahead of a forecasted 0.3%

Rise in UncertaintyAccording to reports, talks between North and South Korea have been canceled for now, which brings in some jitters into the market. The market is looking around for some fundamental drivers as the dollar continues to gain in strength on rising bond yields.US futures are trading slightly higher

Japanese GDP fell to -0.2% from 0.0% expected for the quarterly Q1 figure and -0.6% from 0.0% expected for the yearly figure. This drop was forecasted, with an expectation for a recovery to higher numbers going forward into Q2. USDJPY didn’t react much and is still trading in the same

Earlier in the Day:Economic data released through the Asian session this morning included Japan’s 1st quarter GDP and March finalized industrial production figures, together with 1st quarter wage growth and May consumer sentiment numbers out of Australia.For the Japanese Yen, the economy contracted for the first time in 4 years

They believe that China is unable to meet the US request to reduce its trade surplus “by $200B by 2020 without causing significant disruptions to its economy”. They also believe that this measure would be incompatible with the Chinese government’s policy objectives. Chinese Retail sales were released earlier at 9.4%,