Surprisingly, the Euro changed only by 0.2% to the downside versus the New Zealand Dollar on Tuesday, even though this Asian country brought important news in the past 24 hours. The Reserve Bank of New Zealand has published the Financial Stability Report, where it noted rising financial risks for the country's banks, even though the financial system remains sound so
The Euro traded in a mixed environment during the first working day of this week, but no sharp changes were registered amid considerable lack of any drivers around the world. EUR/GBP hovered the most to the downside by 0.34%, being that Sterling strengthened on the back of UK Prime Minister David Cameron's speech to the Confederation of British Industry on
The currency pair, which is immensely worth mentioning due to Friday's movements, is the most traded EUR/USD cross. This component tumbled by 1.3% and the single European currency was able to do literally nothing to contain losses after the ultra-positive US jobs report. The Dollar also strengthened versus other G8 currencies, being that American economy created significantly more jobs than
The Euro skyrocketed against the Sterling by 1.3% on Thursday on the back of dovish Inflation Report from the Bank of England and comments from the Governor Mark Carney. On top of that, MPC members remained unchanged in their views on interest rates, while only Ian McCafferty voted in favour of raising the benchmark rate by 25 basis points from
The Kiwi was the only currency to depreciate versus the Euro on Wednesday, owing to disappointing employment numbers published back on Tuesday. EUR/NZD gained 0.15%, while other crosses continued to suffer considerable losses due to bullish US fundamentals. As it can be expected, EUR/USD slumped the most by 0.9%, being that unexpectedly rising US ISM Non-Manufacturing PMI surged to 59.1
Only one cross of the Euro gained value on Tuesday, while many of other currencies strengthened on the back of Euro's weakness. EUR/NZD climbed by 0.7%, after the data showed rising jobless rate in New Zealand and a decline in employment in the third quarter of this year. However, analysts expected a positive change in the number of people in
The Euro performed upwards against all but two major currencies on Monday. Moreover, the only losses amounted to just 0.03% versus the Swiss Franc and Australian Dollar. The latter was broadly unchanged, but resumed growing last night amid a decision of the Reserve Bank of Australia to keep the benchmark interest rate unchanged.
The American Dollar was down by 0.3% against the Euro on Friday, owing to softer than projected US fundamentals on personal income and spending in September. Both increased by only 0.1% on a monthly basis, down from 0.4% in August and 0.2% expected by economists. On top of that, European statistics encouraged the common currency for additional gains. The core
The Euro eroded Wednesday losses in the past 24 hours, meaning gains were registered versus all major currencies. The Australian Dollar dipped by more than one percentage point versus the 19-nation currency, while being heavily influenced by US GDP numbers and subsequently rising US Dollar.
The Federal Reserve pivots towards a rate hike in December. After a two-day meeting the FOMC committee decided to hold the target range for the Federal Funds rate unchanged at 0-0.25%. At the same time, policymakers have dropped a sentence from the statement, which underlined negative impact of global economic events on the US economy. This state of affairs raised
Oil prices pushed the commodity-linked currencies substantially to the downside on Tuesday. EUR/CAD and EUR/AUD were up by 0.8% and 0.7%, respectively. The Kiwi took a softer hit in its price against the Euro as EUR/NZD rose by only 0.3% yesterday
Monday trading was traditionally spent in a calm manner, but one currency pair of the Euro still performed stronger than others. EUR/CHF surged by 0.86%, reflecting monetary policy fears of the Swiss National Bank. The SNB can be forced to soften the stance further or protect the Franc from rising, in case the European Central Bank decides to expand the
The Euro continued to underperform major currencies around the world, especially the US and Australian dollars. A decline against them reached 0.8% and 0.9%, respectively. Negative changes versus other currencies used to be weaker in the range of 0.2-0.3%. Markets continued to price in decisions of the European Central Bank to announce a high probability of additional stimulus measures to
The Euro tumbled versus any single major currency on the foreign exchange on Thursday, with losses ranging from 0.65% against the Swiss Franc to 3.3% for the New Zealand Dollar.
The Euro was appreciating against all currencies but the US Dollar on Wednesday, even though a decrease versus the latter amounted to just 0.06%. From the other side of the coin, EUR/CAD surged by almost 1.2% after the Bank of Canada's monetary policy meeting. Officials decided to keep interest rates on hold at 0.5%, but highlighted weakness in the domestic
Despite a decrease in oil prices on Tuesday, commodity currencies performed fairly well during the most recent trading session. Among them, the Aussie was unchanged versus the common European currency, while the Canadian Dollar even gained 0.14% against it. On the other hand, the Kiwi plunged the most by 0.7% in its pair with the Euro, but oil prices used
The first day of a new week was tranquil in terms of market volatility. The only turbulent currency pair was EUR/CAD, which surged by 0.63% amid rapid changes in Canadian political landscape. According to most recent expectations, the ruling Conservative Party of the Prime Minister Stephen Harper has suffered huge losses at the Federal Election on Monday.
The Euro traded mainly upwards against other majors on Friday. However, the positive tendency was not the case for EUR/USD and EUR/GBP crosses, which were the only ones to depreciate. The American currency benefited from better than projected October consumer sentiment index released by the University of Michigan.
Absence of scheduled releases on Thursday did not help the Euro. The single currency was the worst performer yestrday, losing between 0.67 and 1.67% against its major counterparts amid prospects of additional easing measures as implied by the European Central Bank Governing Council member Ewald Nowotny. Additional pressure was felt as a result of the risk on sentiment after optimistic
The Euro was weighed down by the bloc's negative fundamentals yesterday, but managed to stay relatively unchanged with respect to most of the currencies because of flight to quality. Poor Chinese inflation figure curbed demand for riskier currencies in the morning, and the US data later in the day strengthened the the risk-off sentiment.
Despite the fundamentals that surprised on the downside, yesterday the Euro became more expensive relative to the majority of its counterparts. The European currency appreciated as much as 1.81% against the Aussie and 1.32% against the New Zealand Dollar. It underperformed only relative to the Swiss Franc (-0.33%) and stayed unchanged in relation to the British Pound (-0.06%).
The Euro failed to build on Friday's success and keep appreciating like the Australian Dollar. Instead the common currency lost 0.45% against the Kiwi and 0.33% against the Aussie, even though there were no negative fundamentals yesterday.
The European currency was among Friday's the top performers. It appreciated around 1% against the Yen and the Pound. In terms of bullishness the Euro was second only to the Australian Dollar: EUR/AUD fell 0.34%.
EUR/USD was the best performing currency pair on Thursday, helped by Fed meeting minutes released yesterday evening. They revealed worries among FOMC members concerning the inflation outlook and were therefore assumed as rather dovish. This currency pair gained 0.35%, while EUR/JPY followed with a climb of 0.28% due to post-BoJ reaction on decision to keep stimulus amount unchanged. In the