EUR/USD update (9th December 2013, 13:00)9 Dec 2013
The euro is extending its rally versus the US dollar after a better-than-expected jobs report from the US on Friday.
The EUR/USD pair is trading at $1.3722, up 0.1% as traders appear to no longer be fearful of tapering from the US Federal Reserve. As pointed out by Stan Shamu, the strong jobs data ...
EUR/USD update (6th December 2013, 12:00)57 minutes ago
The euro is broadly unchanged versus the US dollar as dealers wait for the unemployment report from the US.
The EUR/USD pair is trading at $1.3668, down slightly on the day as traders dally ahead of the non-farms payrolls and US unemployment reports at 1.30pm (London time). The data is considered t...
EUR/USD update (05th December 2013, 14:30)5 Dec 2013
The euro is broadly unchanged versus the US dollar as traders wait for the European Central Bank (ECB) to make its interest rate decision.
The EUR/USD currency pair is dancing around the $1.36 mark as dealers play the wait-and-see game ahead of the interest rate decision at 12.45pm. The market was ...
EUR/USD update (04th December 2013, 15:00)4 Dec 2013
A mixed bag from the eurozone purchasers manager index (PMI) has left the EUR/USD pairing supported by the 50-day moving average, but unable to gain traction through the 1.36 level.
Final services PMI for the eurozone beat expectations, coming in at 51.2 versus the expected 50.9. Individually...
EUR/USD update (03rd December 2013, 16:00)28 minutes ago
The euro is currently in the black versus the US dollar, as dealers are closing out their short positions on the currency.
Yesterday morning saw poor manufacturing data from Spain, which weighed on the euro. However, today the single currency is trading at $1.3585, up 0.3% on the day, as traders wh...
EUR/USD update (02nd December 2013, 15:00)2 Dec 2013
The euro is off versus the US dollar after Spain announced a poor set of manufacturing numbers.
The euro is trading at $1.3542, down 0.35% as the Spanish manufacturing purchasing managers index dropped to 48.6 in November – a six-month low that come in both under expectation and the 50.0 cont...
EUR/USD update (29th November 2013, 13:00)29 Nov 2013
The trend of strengthening euro and weakening dollar has returned, as once again this currency cross is above the 1.3600 level.
For a while, markets took the view that tapering of the US government’s $85 billion monthly debt-purchasing scheme could well start in 2013. This thinking coincided with t...
EUR/USD update (28th November 2013, 13:30)20 minutes ago
The 1.36 level remains something of a barrier to upside for the pairing.
Data coming from the eurozone today has indicated that retail sales remain in contraction and that private sector lending is floundering. This may well invite a Bank of England Funding for Lending style long-term refinancing o...
EUR/USD update (27th November 2013, 13:30)34 minutes ago
Despite ECB members’ best efforts to talk down the single currency with negative-deposit-rate warnings in recent days, the euro has climbed to 1.3613 against the dollar in early trade this morning.
The greenback has now shed some 1.5% against the euro in the past week.
German consumer confidence wo...