Core PCE inflation remains under 3%, boosting the probability of Fed rate cuts to nearly 90% into year-end. Dovish Fed voices highlight a fragile labor market, and Barkin warns that inflation and unemployment trends remain concerning. Euro steadies despite NATO–Russia tensions, with traders eyeing US jobs data and upcoming Eurozone inflation prints. EUR/USD recovers on […]
US Dollar bounces from three-year lows after Fed cut, supported by rising US Treasury yields late in the week. Fed officials Daly and Kashkari offered cautious tones, while Miran reaffirmed his preference for deeper easing. French spending cut protests pressure Macron’s new PM, adding political headwinds for the Euro. EUR/USD edges lower on Friday, late
Euro retreats as Powell signals cautious stance despite 25 bps Fed cut. US Jobless Claims dip and Philly Fed survey beats forecasts, reinforcing Dollar strength in post-FOMC trading. ECB officials strike a neutral tone, saying rates are appropriate, with balanced inflation risks but weaker growth outlook. EUR/USD retreats after reaching a yearly high above 1.1900
Christine Lagarde, President of the European Central Bank (ECB), explains the ECB’s decision to leave key rates unchanged at the September policy meeting and responds to questions from the press. Join our ECB Live Coverage here ECB press conference key takeaways “Growth shows resilience of domestic demand.” “GDP data reflects Q1 front-loading.” “Investment should be
EUR/USD climbs 0.37% to 1.1679 as the US Dollar Index dips 0.25% to 98.06 following disappointing US economic releases. JOLTS report shows vacancies fall sharply, layoffs rise; tariffs blamed for worsening US labor market conditions. Eurozone Services PMI misses forecasts at 50.5, while Producer Prices ease, keeping ECB policy outlook cautiously dovish. EUR/USD recovers ground
EUR/USD holds steady above 1.1700 as the US Dollar stabilizes after earlier weakness. Eurozone PMI readings indicate resilience, with manufacturing in expansion for a second consecutive month. Diverging policy paths keep the EUR/USD biased higher, as the ECB keeps policy steady while the Fed prepares to ease. The Euro (EUR) is struggling to extend its
EUR/USD remains subdued as traders adopt caution ahead of HCOB Purchasing Managers’ Index data. Eurozone HCOB PMIs forecast stand at 49.5 for Manufacturing and 50.6 for Services. The FOMC Meeting Minutes indicated that most members viewed keeping interest rates unchanged as the appropriate decision. EUR/USD edges lower after registering slight gains in the previous session,
Germany Harmonized Index of Consumer Prices (YoY) meets expectations (1.8%) in July Source link
The Euro (EUR) is quietly consolidating in a tight range just above 1.16 and ignoring the release of weaker than expected ZEW sentiment survey figures. The release calendar is limited and the broader market is quiet, offering little in terms of near-term risk in either direction, Scotiabank’s Chief FX Strategists Shaun Osborne and Eric Theoret
The Euro retreats from weekly highs, and the US Dollar picks up on speculation that Governor Waller might be the next Fed Chair. Fed Bostic warned about the impact of tariffs and cooled hopes of a September rate cut. EUR/USD found resistance at 1.1700 and is correcting lower. The EUR/USD pair slides from one-week highs
EUR/USD boosted by signs of imminent US–EU deal ahead of August 1 deadline. US Durable Goods Orders miss, but jobless claims stay strong, supporting Fed hold expectations. ECB holds rates steady; next week’s focus shifts to key Fed policy decision on July 30. The EUR/USD finished the week up by nearly 1% on Friday, yet
It was just a brief dip below the 1.16 mark last week. Early this morning, EUR-USD is trading almost 2 cents higher around 1.1740. As our currency indices indicate (which measure the performance of currencies against the G10 average), the downward movement and now the upward movement can primarily be attributed to the USD side.
Fed’s Waller supports July rate cut, pulling Treasury yields and Dollar lower. UoM survey shows improved sentiment and easing inflation expectations in the US. ECB decision, EU PMIs, and US macro data in focus for the week ahead. The EUYR/USD finished Friday’s session with gains of over 0.26% amid a weaker US Dollar, following dovish
EUR/USD posts first weekly loss in three weeks, ending at 1.1688. Trump eyes blanket tariffs, including on EU and copper exports. Dollar marks strongest week since March amid broad risk-off tone. EUR/USD finished the week with losses of over 0.70% and ended Friday’s session down 0.10% trading below the 1.1700 figure, cementing the case for
Retail Sales in Germany rose 1.6% over the year in May. EUR/USD defends bids above 1.1700 following the downbeat data. Retail Sales in Germany unexpectedly dropped 1.6% month-over-month (MoM) in May, following the revised 0.6% decline reported in April, according to official data released by Destatis on Monday. The market forecast was for a 0.5% increase. On an
European Central Bank Vice President Luis de Guindos said on Monday that the exchange rate of EUR/USD at 1.15 is no big obstacle on the inflation target. Key quotes The appreciation of the euro is not rapid, volatility not extreme.The risk of undershooting inflation target is very limited.The risks to inflation are balanced.Markets understood perfectly
The Euro (EUR) generally dislikes geopolitical shocks leading to higher energy prices, and has therefore detached from JPY and CHF in early price action after the Israeli strike on Iran. Source link
