Tag: euro

EUR/USD trades choppy, lacks direction

EUR/USD trades choppy, lacks direction

Volatility remains elevated, however, the direction of the euro seems unclear so far.
EUR/USD advances after ECB accounts, German data

EUR/USD advances after ECB accounts, German data

The dollar continues in its losing streak, failing to recover and pushing EUR/USD toward 1.05.
US markets closed on a positive note

US markets closed on a positive note

Retailer results pull gains on Dow, Dollar eases off highs to shift trading towards more risky pairs. Fed may finally ease up on hikes.
ECB pulls up to €300 billion out of the eurozone

ECB pulls up to €300 billion out of the eurozone

The money will come from banks in the eurozone as part of the repayment of a long-standing loan. This is an effort to fight inflation.
EUR/USD falls at the start of the week, eyes 1.02

EUR/USD falls at the start of the week, eyes 1.02

The shared currency started the week in a negative trend, as investors took profits from the recent rally.
EUR/USD weakens again, targets 0.98

EUR/USD weakens again, targets 0.98

Weak macro data and high inflation numbers from EU prompted another day of selling in the EUR/USD pair.
ECB follows Fed and lifts interest rates by 75bps

ECB follows Fed and lifts interest rates by 75bps

The Eurodollar hovered around parity as the European Central Bank lifted interest rates by 75 bps as expected.
EUR/USD treads water, stays near 0.99

EUR/USD treads water, stays near 0.99

It looks like a little pause before another leg higher in EUR/USD, targeting the psychological level of parity.
EUR/USD advances toward the upper line of bearish channel

EUR/USD advances toward the upper line of bearish channel

The euro is trying to jump toward the key resistance at 1.0, but so far, the bullish momentum looks weak.
ECB works with 5 companies to create digital euro

ECB works with 5 companies to create digital euro

The ECB chose five companies to work with on the development of the long-debated digital euro. The biggest company is Amazon.