Tag: Euro

July 18, 2024

The European Central Bank left all three key ECB interest rates unchanged today, fully in line with market expectations. The ECB recognised that some measures of underlying inflation ‘ticked up in May’ but added that ‘most measures were either stable […]

January 30, 2024

The German economy missed slipping into a technical recession by the smallest of margins after the country’s Q3 GDP was upgraded to flat from -0.1%. The first look at German Q4 GDP came in line with market forecasts at -0.3%. […]

December 15, 2023

The Euro Area economy continues to struggle and is set to enter a technical recession in the coming weeks. According to data provider HCOB, business activity in the Euro Area fell at a steeper rate in December, closing off a […]

November 14, 2023

Europe has been the center of pessimistic fundamental data in recent months as the global growth slowdown advances. Elevated interest rates are helping to constrain economic activity in order to bring down inflation but it remains a delicate balancing act […]

October 26, 2023

The ECB left all three of its key interest rates unchanged today and noted that while inflation is expected to ‘stay too high for too long’, inflation dropped markedly in September due to strong base effects. The central bank added […]

August 28, 2023

The Euro appears to be eyeing a temporary reprieve and recovery on Monday following a trying time last week. EURUSD put in its 6th consecutive week of losses while EURGBP actually ended the week strong following an early week sell-off […]

August 9, 2023

European assets began trading on the front foot this morning after the announcement of a surprising Italian bank tax sent markets lower yesterday. The tax had been brought up before but had since gone off the boil, so while markets […]

January 11, 2023

The euro extended yesterday’s gains against the British pound through ECB officials beginning yesterday. The hawkish narrative was reinforced by one of the more aggressive officials in Isabel Schnabel while today’s addresses included the ECB’s Villeroy who stated the need […]

November 8, 2022

A number of ECB policymakers have been doubling down on the central bank’s position on interest rates and inflation, saying that higher rates are needed for longer to quell double-digit price pressures. In what looks like a concerted effort to […]

September 16, 2022

Euro Area headline inflation (August) was confirmed at 9.1% today, a fresh record high. Energy prices continue to rise, along with food, alcohol and tobacco, and services. On a monthly basis, consumer prices rose by 0.6%, a fraction higher than […]

November 16, 2021

Another firm set of retail sales figures with a beat across the board. Meanwhile, revisions to the prior month’s report were slightly mixed, however, US retail sales nonetheless remain robust. Most notably, the retail sales control group figure rose 1.6% […]

August 11, 2021

US Dollar bulls have clearly controlled the steering wheel over the last few days. The broader DXY Index is up more than 1% on the month largely thanks to US Dollar strength against key peers like the Euro and Yen. […]

June 15, 2018

The leading dollar index hit a seven-month high Friday, boosted by lingering U.S. economic optimism, even as global markets braced for the next round of trade jabs between economic powerhouses China and the U.S. The still largely disparate interest-rate policy […]

May 24, 2018

The U.S. dollar declined on Thursday, pulling back from a 2018 high on renewed trade-war jitters after the Trump administration said it was investigating whether to slap import tariffs on cars. Meanwhile, the British pound gained strength on the back […]

March 16, 2018

The U.S. dollar held on to its gains after climbing higher in the wake of stronger-than-expected economic data, reversing a previous loss that had the buck trading at a nine-day low. This move also led to some of its rivals […]

January 30, 2018

The U.S. dollar pared earlier losses on Tuesday as the trading day marched on and the euro gave up some of the gains it achieved on the back of strong economic growth data. What are currencies doing? The ICE U.S. […]

December 8, 2017

The U.S. dollar saw volatile trading after the release of nonfarm payroll data, which beat consensus estimates, while average hourly wage data disappointed. What are currencies doing? The ICE U.S. Dollar Index DXY, +0.28% was last up 0.2% at 93.950. […]

November 28, 2017

The U.S. dollar added to previous gains against its major rivals on Tuesday, as traders braced for remarks from Jerome Powell, the Federal Reserve official nominated to take the baton from Chairwoman Janet Yellen when her term ends in February. […]