Tag Archives: Euro

Euro weaker on Draghi

The single currency has been pushed lower on the back of comments from ECB President Draghi. At his monthly post-meeting press conference, he has stated that economic risks remain to the downside, that rates will be at current level for “extended period” (this has been a pledge for a year now) and also that preparatory

2 July: Euro consolidating as ECB meeting approaches, tomorrow. NFP too.

Aud taking out decent resistance levels and looking to head above 0.9500. Trade Balance coming up. While equities are higher the dollar generally remains under pressure, with the Aud and Cable in particular, making decent gains. The market is now beginning to focus on tomorrows ECB meeting and US Jobs/NFP data and before then we

Euro in New York

The euro opened at 1.3688 mid-way in the what has become typical this summer, a very narrow Tokyo and Londan range, 1.3679-1.3697.   EMU and German  PMIs were a bit light,  51.8 vs. 51.9 and 52.0 vs 52.4, the French was a stronger though still in contraction, 48.2 vs. 47.8. The combination brought the euro
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ISM Generates Brief Volatility, Dollar Edges Up against the Euro

The dollar recovered from a five week low against the euro as a minor slowdown in American manufacturing was not enough to derail the second quarter economic recovery theme. The Institute for Supply Management said its purchasing manager’s index was 55.3 in June, barely changed from May’s 55.4, though less than the 55.8 forecast in
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Euro in New York

The euro opened in New York at 1.3656 (8:00 am) near the higher end of its 1.3641-1.3663 Tokyo and London range. Eurozone CPI and money supply data for June were in line with forecasts and despite the large miss in German monthly retail sales for May (-0.6%, expected 0.8%, April revised to -1.5% from -0.9%),  the
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Euro May Rise if June CPI Data Tops Forecasts, Denting ECB Easing Bets

Talking Points: Euro May Move Closer to 1.37 vs. USD if June’s Flash CPI Estimate Tops Forecasts US Dollar Has Scope to Rebound on Upbeat Home Sales Figures, Fed Commentary NZ Dollar Fell in Asia as a Drop in Business Confidence Hurt RBNZ Rate Hike Bets The preliminary set of June’s Eurozone CPI figures headlines

ECB Enters Uncharted Waters with Negative Deposite Rate, Euro Tumbles

DailyFX.com – Talking Points ECB Cuts Deposit Rate to -0.10%; Benchmark Rate to 0.15% Euro Falls Against its Major Peers On Announcement ECB President Mario Draghi Holds Press Conference at 12:30 GMT, May Spark Volatility The European Central Bank (ECB) went beyond a standard refinancing rate cut, cutting its deposit rate to negative territory for
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Euro in New York

The euro opened in New York at 1.3656 (8:00 am) near the higher end of its 1.3641-1.3663 Tokyo and London range. Eurozone CPI and money supply data for June were in line with forecasts and despite the large miss in German monthly retail sales for May (-0.6%, expected 0.8%, April revised to -1.5% from -0.9%),  the
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Euro, US Dollar May Find Fuel to Bounce in Upcoming Economic Data

Talking Points: Euro May Mount a Recovery if May’s Inflation Data is Revised Upward US Dollar Could Find a Reprieve in Upbeat Industrial Production Print Yen Rose on Haven Demand, NZ Dollar Gained on RBNZ Bets in Asia The final revision of May’s Eurozone CPI data set headlines a relatively quiet European economic calendar. The
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