FOLLOW MARKETMOVES

EUR/USD update (16th Aug 2012, 14:00)

An overnight rally for the euro failed to hold as the morning session dawned in London, as the late July bounce continues to fizzle out. 

As expected, eurozone consumer prices shrank by 0.5% during July, according to data from Eurostat. Year-on-year price growth remained steady at 2.4%, thus providing little reason for the euro to rally. The consistent growth in CPI means that the ECB still has room to cut rates as needed, although at its latest meeting the entire governing council thought the time was not yet right to reduce interest rates. 

The euro briefly rallied to a one-month high near $1.30 during the Asian session, but a combination of no news and some modest dollar strength means that the single currency is finding it hard to make upward progress.  
comments powered by Disqus

All Forex News

Tags

, ECB, EUR/USD

Trusted Firms

All Reviews
EUR/USD update (15th April 2014, 15:00) 15 Apr 2014

Having popped its head above the $1.39 level at the tail end of last week, EUR/USD has found itself pulled back.

AUD/USD update (14th April 2014, 18:00) 14 Apr 2014

The Australian dollar is gaining ground against the US dollar, as traders prepare for the latest minutes release from the Reserve Bank of Australia.

EUR/USD update (14th April 2014, 16:00) 14 Apr 2014

The euro is under pressure against the US dollar as tensions in eastern Ukraine weigh on the currency.

Market Comment 14th April 2014 14 Apr 2014

European equities are set to start on the back foot as last week’s negative sentiment remains firmly intact. 

GBP/USD update (11th April 2014, 16:00) 11 Apr 2014

After touching $1.68 yesterday, sterling has dropped back, hit by weaker UK construction output figures.

EUR/USD update (11th April 2014, 16:00) 11 Apr 2014

If we see the euro close above $1.39 today, then it will be the icing on the cake for the currency, which has enjoyed a remarkable week.

Market Comment 11th April 2014 11 Apr 2014

European equities are set to open lower tracking overnight declines in the US. 

EUR/USD update (10th April 2014, 12:00) 10 Apr 2014

Momentum has taken EUR/USD higher as a steady flow of economic data has been released over the week.

Market Comment 10th April 2014 10 Apr 2014

European equities are set to show modest gains on the open due to a dovish FOMC Meeting minutes overnight. 

AUD/USD update (9th April 2014, 19:00) 9 Apr 2014

The Australian dollar has reached a new high for 2014 prior to tonight's Federal Reserve minutes release.

EUR/USD update (9th April 2014, 18:00) 9 Apr 2014

The EUR/USD has pulled back from the $1.38 mark as traders have taken their profits from two days of gains.

Market Comment 9th April 2014 9 Apr 2014

European equities are set to open mixed as traders continue to tread cautiously. 

GBP/USD update (8th April 2014, 14:00) 8 Apr 2014

Today’s strong UK manufacturing and industrial production data has helped sterling gain ground against the US dollar.

EUR/USD update (8th April 2014, 14:00) 8 Apr 2014

Solid European economic data has helped stretch the euro’s upward move into a second day.

Market Comment 8th April 2014 8 Apr 2014

European equities are set to start flat as traders tread cautiously.

AUD/USD update (7th April 2014, 16:00) 7 Apr 2014

The Australian dollar has given up some its gains from Friday and is drifting away from the $0.93 mark.



Share this with your friends

To:
From:
Your comments:

EUR/USD update (16th Aug 2012, 14:00)

An overnight rally for the euro failed to hold as the morning session dawned in London, as the late July bounce continues to fizzle out. 

Read more »

Connect to successful traders – join Marketmoves.com free now

Log In or Sign up

Facebook User?

You can use your facebook account to sign up with Live streaming sport.

Connect with facebook
Remember me.
Did you forget your password?