In the vast majority of all cases, yesterday the Euro had its best trading session since 2009. The single currency surged against all G10 currencies, following decisions taken by the European Central Bank. EUR/CAD and EUR/USD skyrocketed by more than 3% in the past 24 hours, as the ECB President Mario Draghi unveiled somewhat less stimulus than it was initially
The Euro traded in a mixed environment against its peers on Wednesday, while we are awaiting the European Central Bank's meeting on Thursday. EUR/GBP and EUR/NZD were the day's leaders, as they rallied by 0.7% and 0.4%, respectively.
Australian and New Zealand dollars were the best performers for the second consecutive day on Tuesday of this week. EUR/AUD slipped by 0.7% amid the Reserve Bank of Australia's decision to keep interest rates unchanged at 2.00%. The RBA previously noted that additional rate cuts are unlikely in the nearest future, and these comments strengthened the Aussie's advance versus the
The common European currency fell under heavy selling pressure on Monday of this week, as markets are setting eyes on the European Central Bank's meeting this Thursday. The regulator is expected to make several high-impact monetary policy decisions. According to the majority of economists, a further cut to the deposit rate, extension/expansion of the present QE and possibility of new
The Euro advanced in value on Friday, ignoring dovish expectations over the ECB meeting which is due to take place this Thursday. Only the EUR/USD currency pair failed to rally as it eventually dipped by 0.16% on the back of hawkish Fed expectations.
Movements of various Euro-crosses were very silent on Thursday as markets felt lack of volatility due to the Thanksgiving Holiday in the US. The EUR/USD currency pair was itself down by only 13 basis points yesterday, but there was no fundamental background for even such a small move.
The Euro was depreciating against all but one G8 currency on Wednesday on the back of expectations that the European Central Bank will expand QE programme in December. Moreover, fundamentals from other countries weighed on valuation of the 19-nation currency yesterday. Only EUR/CHF rose by 0.3% amid broad gains for the USD/CHF cross, which tried to assess the monetary policy
Australian and New Zealand dollars rallied against the Euro on Tuesday, following their substantial losses one session before. EUR/AUD and EUR/NZD were down by 0.8% and 0.5%, respectively, on the back of increasing oil prices. EUR/CAD followed with a drop of 0.4%
Concerns over global demand and rising US Dollar were negatively reflected in the pricing of commodity-linked currencies on Tuesday. EUR/AUD and EUR/NZD were the largest nominal gainers as they both added around 0.6%.
The Euro was trading down across the board on Friday, with losses ranging from 0.15% against the British Pound, up to 1.44% versus the Australian Dollar. The South Pacific currency has fully recovered on a weekly basis as risk-off sentiment faded and confidence returned to the commodity currency.
Even though the Fed has literally confirmed that interest rates are likely to start rising next month, the pace of policy normalization will be slow and gradual. These projections pushed the US Dollar, which seems to have already priced in the rate hike, down by 0.7% against the Euro.
The Euro skyrocketed the most versus the Swiss Franc on Wednesday, even though this currency pair usually is barely turbulent. EUR/CHF surged by 0.7% on the back of very disappointing ZEW economic conditions' survey for Switzerland. This indicator dropped down to zero in October from 18.3 points a month before. It proclaims that institutional investors and analysts are now neither
Risk-averse sentiment and expectations over more ECB stimulus in December are pushing odds against the common European currency. Yesterday it slid against all but one G8 currency, by adding 0.08% only against the Swiss Franc. Japanese Yen and US Dollar, two classical safe-haven currencies, are building ground as they advanced by 0.2% and 0.4% versus the Euro, respectively.
The Euro continued to slump against G8 currencies on Monday, the first trading day of this week. Paris terrorist attacks made the Euro area's medium term economic outlook even more uncertain, which led to market sell-off of the single currency yesterday.
Lower than estimated pace of economic growth in the Euro zone resulted in a decline of the Euro against the vast majority of other G8 currencies last Friday. Euro/Swissie was the only cross to rally by around 0.2%, even though Switzerland's data showed no signs of weakness as producer price index rose more than forecasted in October by 0.2% on
The Euro surged against all G8 currencies but the Australian Dollar on Thursday, because the latter used to have its own reasons for strong growth. Employment growth in Australia was around four times higher than had been anticipated in October as country's economy added 58,600 jobs versus an estimate of just 14,800.
British Pound has continued to strengthen versus the Euro on Wednesday, being that EUR/GBP cross lost 0.45% on day-to-day basis. Yesterday's bullish move of the Sterling was justified by core fundamental background. UK jobless rate dropped to 5.3% in September, while wages continued to rally by 3% for the same month.
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.