The Euro was boosted in the final session of the week by official data revealing a surprise increase in the rate of core inflation for the month of January, which bodes well for the European Central Bank (ECB) outlook although economists have warned that one month alone does not make a trend.
February 1,2019
The Euro was resilient Thursday even after official data confirmed the economy has shifted into a lower gear during recent months, although it remains to be seen whether the currency can remain afloat because there could be more bad news to come during the weeks ahead.
January 31,2019
The Euro-to-Dollar rate is still set for gains this year, according to most accounts of how 2019 is likely to play out, but a worsening economic backdrop and lacklustre performance so far in January has already seen some buyers give up on the single currency.
January 28,2019
Techical studies suggest the Euro-Dollar exchange rate should remain relatively bouyant but the outcome of Eurozone GDP data and the U.S. Federal Reserve's mid-week policy meeting could provide some volatility for the pair.
January 27,2019
The Euro is likely to reach new lows over the coming months as Eurozone growth falls falls even further, according to Bank of America Merrill Lynch, but a recovery for the economy and single currency may not be far behind those anticpated falls.
January 27,2019
The Euro will take a cue from the ECB at mid-day today with traders interested in how the Governing Council have interpreted the recent slowdown in Eurozone economic growth.
January 25,2019
The Euro hit the deck Thursday after IHS Markit PMI data suggested the mighty German manufacturing sector is headed for a recession, just hours before the European Central Bank (ECB) is scheduled to deliver its latest assessment of the Eurozone economy and interest rate outlook.
January 24,2019
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