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.
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.