The Euro spiralled into the weekend on Friday after President Donald Trump said he has agreed a 'phase one deal' with China that averts another volley of tariffs that had been due for implementation Sunday, boosting the Dollar, Renminbi and safe-havens but crushing most other major currencies.
December 13,2019
The Euro remained on its front foot Thursday after the European Central Bank (ECB) left its interest rates and quantitative easing program unchanged for December, although the single currency must still navigate a looming press conference, the UK general election as well as the twists and turns of the Dollar.
December 12,2019
The Euro drew only a limited boost Tuesday from a sharp rise in November’s Leibniz Centre for European Economic Research (ZEW) survey, as markets await central bank decisions on both sides of the Atlantic and amid a lingering threat that more U.S. tariffs could hit China’s exports in the coming days.
December 10,2019
The Euro closed last week on the back foot after economic data served the market a reminder of the Transatlantic divergence in economic fortunes, which could weigh on the single currency again in the days ahead even if the charts are still pointing higher.
December 8,2019
The Euro-Dolllar rate was attempting to break above a key five-year trendline on the charts Friday even after October's industrial production figures pointed to weak final quarter for the Germany economy, and the single currency is tipped by both technical analysts as well as economists for gains next year.
December 6,2019
The Euro was stopped in its tracks during the overnight session by a U.S. retaliation against France's new digital services tax (DST) and could struggle over the coming days as overhead resistance on the charts is set to bar the single currency's path to the upside, according to some strategists.
December 3,2019
The Euro was little changed at the close last week after a last minute rally averted the prospect of a weekly close below the key 1.10 level although the exchange rate is at risk of fresh declines in the days ahead, according to technical analysts, while political risks are again also threatening to sink the single currency.
December 2,2019
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