The Euro (EUR)

[dekac]

Hi

06 August-The Euro (EUR) was stronger again against the USD on the back of the poor data releases on Friday and as Euro Zone retail sales and PMI came in line with expectations.
Falls in equity markets in the US continued the selling pressure for the Greenback against the Euro through the New York session. Overall, the EURUSD traded with a range of a low 1.3684 and a high of 1.3820 before closing the day at 1.3815 in the New York session.

 

[dekac]

08 August -The Euro (EUR)

Hi

The Euro (EUR) was weaker against the USD as the Fed decision to keep rates on hold meant the Greenback for now maintains its yield advantage over the Euro. German industrial output disappointed coming in at -0.4% compared to a 0.6% estimate. Overall, the EURUSD traded with a range of a low 1.3736 and a high of 1.3816 before closing the day at 1.3766 in the New York session.

 

[dekac]

13 August-The Euro (EUR)

Hi

The Euro (EUR) continued to lose ground against the USD as markets began pricing in a less than 50% chance that the ECB would look to hike rates in September, as opposed to the 70% chance earlier in the week. The Euro also suffered as a high yielding currency and a drop in global financial markets. Stability was seen in the form of the ECB adding 61.05 billion Euros in liquidity to financial markets. Overall the EURUSD traded with a range of a low 1.3642 and a high of 1.3706 before closing the day at 1.3695 in the New York session.

 

[dekac]

23 August -The Euro (EUR)

Hi
The Euro (EUR) gained as traders revisited the possibility of a rate hike in the coming months. ECB said on Wednesday its governing council's position on monetary policy has remained on a tightening bias, when Trichet said "strong vigilance" was needed to stem inflation risks, signaling a possible rate hike in September. Overall the EURUSD trade with a range of a low 1.3450 and a high of 1.3552 before closing the day at 1.3535 in the New York session.

 

[dekac]

27 August-The Euro (EUR)

Hi
The Euro (EUR) continued on its rally against the greenback as investors did well to shrug of supportive data out of the U.S. Yet the Euro first was subject to selling pressure, trimming it gains as reports circulated that the ECB was non-committal in raising rates during the September meeting. Overall the EURUSD traded with a low 1.3554 and a high of 1.3683 before closing the day at 1.3668 in the New York session.

 

[dekac]

Currency Trading Summary 06 Sep.

Hi
06 Sep.-The Euro (EUR) strengthened against the USD on the back of the weak data releases from the US. PMI services for the Eurozone came in almost on expectation but retail sales were disappointing falling to a 0.1% rise from a 0.3% estimate. Overall, the EURUSD traded with a range of a low of 1.3569 and a high of 1.3672 before closing the day at 1.3653 in the New York session. Looking ahead, The ECB will announce interest rates today, with the market expecting rates steady at 4.0%.

 

[dekac]

Currency Trading Summary 13 Sep.

Hi

The Euro (EUR) traded at record highs on Tuesday of 1.3915 following a broadly weaker USD and market perceptions of a Fed rate cut. In data news, industrial production was released better than expected, giving further support to the Euro. Overall the EURUSD traded with a low of 1.3825 and a high of 1.3915 before closing the day at 1.3909 in the New York session.