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
The Euro advanced only against the Swiss Franc on Wednesday as risk-seeking market sentiment weakened demand for the safe-haven currency. Oil prices continued to drive commodity currencies to the north, with Kiwi and Aussie registering a daily gain of 1.3% and 0.9%, respectively. The Canadian Dollar, however, rose just 0.13% versus the common European currency.
The Euro took profit from weak fundamental background across the world on Tuesday. US trade balance dropped more than projected in August, which resulted in the Dollar's loss of 0.75% against the common European currency. On top of that, hawkish comments from the San Francisco Fed President John Williams failed to reverse the downward trajectory of the Greenback.
Commodity currencies benefited the most from rising oil prices on Monday, and they all increased in value against the single European currency. The Kiwi surged by 1.2%, while Australian and Canadian dollars were up by 1% and 0.8% versus the Euro. One more depreciating currency pair was the most popular EUR/USD cross, which fell by 0.25%.
The Euro fluctuated in a mixed environment on Friday as neither bulls nor bears managed to dominate market sentiment. EUR/CAD was the biggest daily loser, while the most of influence came from the main USD/CAD currency pair. Canadian Dollar outperformed its US peer after disappointing data showing the US economy added just 142,000 new jobs in September, well below average
Market movements remained broadly subdued in course of the yesterday's trading session. Only one currency pair, namely EUR/CHF, registered a change of more than 20 basis points as it surged by 0.56%. The Swiss franc was dragged lower by negative production PMI numbers, which revealed a renewed decline of the sector.
The Euro was a top market loser yesterday, while it plummeted to most against commodity currencies including the Kiwi, Loonie and Aussie. These currency pairs fell more than 1% amid risk-seeking sentiment returning to the market on the back of stabilising oil prices. At the same time, other crosses of the common European currency were down in the range of
Changes of the Euro against other major currencies did not exceed 0.23% on Tuesday as markets remained broadly calm during the whole trading session amid lack of economic news. A 0.23% rise was posted versus the Canadian Dollar, while the same pace of decline was showed by the EUR/NZD currency pair.