Euro-positive sentiment was spread all across the market on Monday as the 19-nation currency surged against all currencies excluding the safe-haven Japanese Yen (-0.14%) and Swiss Franc (-0.12%). The daily winner was the EUR/NZD cross, which climbed by 1.33% and recovered Friday's losses.
The Euro traded mainly to the south versus other major currencies, while any rising currency pairs failed to extend gains beyond 0.2%. Among them, EUR/GBP and EUR/JPY were up by 0.17% and 0.14%, respectively, while EUR/CHF added just 0.07%.
The Euro spent Thursday by trading mainly to the upside versus other major currencies. However, the strongest performing currency was the New Zealand Dollar yesterday, and the Euro saw a 0.91% against it. Despite widening trade deficit in New Zealand, the country's milk producers raised pay-out projections for the 2015-16 season, which used to be the main trigger for the
On Wednesday the Euro skyrocketed versus all major currencies after three days of losses or sluggish growth. Positive changes were in place due to comments from the ECB President Mario Draghi. Analysts suggest he used less dovish language when testifying in the European Parliament yesterday.
The Euro continued to trade in red versus the majority of other currencies on Tuesday. However, some positive changes were posted as well. Among them, EUR/GBP gained 0.4% as data showed UK public sector net borrowing surging to the highest level in three years in August. Spending surpassed revenues by 12.1 billion pounds in the reported month, while economists estimated
The Euro failed to rise versus any single currency for a second day in a row on Monday. The smallest negative change, however, amounted to just 0.04% and 0.06% against EUR/AUD and EUR/NZD, respectively. On the other hand, EUR/USD dropped the most by 0.9%, following hawkish comments from a number of FOMC members who admitted that interest rates should be
The Euro retreated precipitously on Friday as there was no increase registered versus any of major currencies. The Kiwi rallied 1.14% versus its pan-European counterpart, following a dovish decision of the Fed to keep the Fed Funds rate within the range of 0-0.25%.
The Euro surged 1% against the US Dollar on Thursday, even though the reaction to the Fed decision could potentially be even stronger. The Federal Open Market Committee decided to keep interest rates unchanged for now, signalling that an increase is still possible this year. On the other hand, the Fed did not announce a press-conference in October, meaning that
There were two distinct downward changes of the Euro against other major currencies on Wednesday. A drop versus the Sterling and Australian Dollar amounted to 0.9% and 0.85%, respectively. The Pound appreciated after optimistic labour market fundamentals, which showed the jobless rate falling to 5.5% and wages growing by 2.9% in the three months through July.
The Euro traded in a mixed environment on Tuesday as changes were predominantly driven by factors influencing other currencies. EUR/CHF gained the most of 0.3% as risk appetite returned to the markets, equities surged across the board and therefore decreased the demand for the safe-haven Swiss Franc.
The Euro slumped versus all major currencies on Monday. The sharpest drop was registered in the pair with Australian Dollar as the South Pacific currency was driven by political news. A former lawyer and investment banker Malcolm Turnbull became a new Prime Minister of Australia, after defeating the incumbent Tony Abbott in a leadership vote among the Liberal Party MPs.
The Euro advanced versus all major currencies on Friday of the previous week. At the same time, the highest increase amounted to just 0.65% against the Japanese Yen and Canadian Dollar, while the slowest pace of growth of just 0.1% was registered in the Euro's pair with the Swiss Franc.
The Euro increased versus the vast majority of other currencies on Thursday, while the only drops against the Kiwi and Aussie were predominantly caused by fundamentals from both New Zealand and Australia. EUR/NZD fell 0.2% as the Kiwi rebounded after suffering from earlier losses amid the RBNZ decision to cut rates.
The shared European currency traded upwards against all but one major currency yesterday, while falling only versus the Swiss Franc by 0.2%. In the meantime, EUR/NZD skyrocketed by 1.9% after the decision of the Reserve Bank of New Zealand to cut the key interest rate by 25 basis points to 2.75%. Moreover, the RBNZ indicated that a further weakening is
Euro traded in a mixed environment on Tuesday, while rallying versus three major currencies and losing value against four of them. EUR/JPY gained the most of 1% as the risk appetite is returning to the markets and the Yen's safe-haven status is deteriorating. The same story happened with the Swiss Franc, which lost 0.6% in its pair with the 19-nation
EUR/CHF benefited the most in the beginning of this week on Monday, as this currency pair added 0.5% in the past 24 hours. The Swiss Franc lost ground after a report on Foreign Currency Reserves of the Swiss National Bank, which rose to a record-high of 540 billion francs in August, providing the explanation for recent weakness of the Swiss
Both Kiwi and Aussie sank against the Euro on Friday, as these currencies also took a hit versus the US Dollar amid labour market data from the world's biggest economy, which showed the country's jobless rate falling to pre-crisis levels.
Euro traded firmly in red on Thursday, amid somewhat dovish comments from the ECB president Mario Draghi as the regulator decided to downgrade both growth and inflation forecasts. Among the main losers, EUR/CAD and EUR/NZD slid 1.35% and 1.14%, respectively, as oil rising prices helped the Canadian and New Zealand dollars to recover. All in all, major crosses of the
The European currency sustained rather serious losses on Wednesday, declining against most major peers, with exception against the Swissie and the Yen.
Australian Dollar took a major hit on Tuesday, by declining more than 2% against the Euro. The Reserve Bank of Australia kept the monetary policy stance unchanged, but Chinese slowdown is pushing forward the idea of further monetary weakening in the nearest future.
The Kiwi tumbled against the Euro on Monday, amid a worse than expected ANZ business confidence indicator from New Zealand, which dropped to the six-year low. This fact adds to speculation the Reserve Bank of New Zealand will be forced to soften monetary policy further. In the meantime, EUR/CAD was down 0.6%, as the commodity-linked Canadian Dollar managed to strengthen
Euro ended the previous trading week in a mixed environment, while the whole week was quite positive for the common currency. Market volatility waned by Friday, with both equity and foreign exchange markets showing little price changes. Therefore, the strongest growth of the Euro amounted to just 0.23% against the Australian Dollar, while EUR/CHF slumped the most by 0.72%.
Single European currency continued to under-perform the majority of its peers on Thursday as market volatility decreased further and equity markets returned to sustainable recovery.
Euro was trading mainly downwards against other majors on Wednesday, as volatility in equity market decreased and the common currency dropped its unusual safe-haven status during the turmoil. Australian and Canadian dollars jumped the most by 2.1-2.2% versus the Euro as oil prices managed to pare some of losses.