Euro Articles

US dollar looks steady above the 93 mark against the basket of major currencies as improving economic data helped the greenback to reverse some losses last week. The U.S. central bank’s two-day policy meeting is scheduled for September 15-16.

Euro soared back to 1.18 level as Bloomberg reported that European Central Bank is more confident in economic recovery. This is because European economic forecasts are steady since June. Euro plunged sharply earl this week amid concerns over the potential ECB’s interference to half the common currency rally.

US Dollar soared robustly in the past six sessions in a row as coronavirus infections have been steadily declining over the past month. In addition, strong economic data from all over the world is adding to investor's sentiments. Some investors blame the selloff in British Pound and Euro value backed the US dollar value upside.

The USD index continues trading in a tight range around 93 levels amid bullish economic reports that are offsetting Federal Reserve’s low-interest-rate policy. The USD index recovered from twenty-seven months low last week as US jobs came in better than expectations. Strong services and manufacturing data is also adding to investor's sentiments.

USD index retreated from one week high that it had hit on Thursday as the market analysts are still bearish over the greenbacks future fundamentals. The concerns over US economic growth and Federal Reserve’s low-interest-rate policy is among the biggest bearish factors for the USD index.

US dollar soared for the second day in a row as investors have started showing confidence in the US economy as economic data have robustly improved in the past two months.

US dollar has been under pressure over the past six months due to the massive level of coronavirus related economic devastation in the United States. The greenback has lost a lot of value against the euro and other major currencies, but analysts believe it’s just the beginning of a declining story.

US dollar fell back below 93 levels on Friday as investors have started showing concerns over Federal Reserve’s new monetary policy that is likely to lift inflation. Fed Chairman Jerome Powell said Central bank’s policy of improving the employment numbers could negatively impact inflation numbers in the coming days.  

USD index soared above the 93 levels after hitting twenty-seven months low on Tuesday. US dollar is among the worst-performing currencies over the last couple of months. The index is down around 7% in the past six months.

The US dollar plunged sharply on Thursday and continued the downside momentum in Friday trading as investors are showing concerns over economic recovery and the second federal stimulus package.

The US dollar fell back again in Monday trading after generating some gains on Friday on the back of stronger than expected jobs data.

The US dollar continues losing value against gold and major currencies amid rising concerns over economic recovery and increasing coronavirus infections. The US dollar has lost more than 4% value in July, representing the biggest monthly drop in a decade.

The US dollar rebounded with the beginning of the new month after reporting the worst monthly performance in nearly a decade. The US dollar index surged to 93.50 level in Monday trading against the basket of major currencies.

Euro soared sharply and hit a 15-month high on Wednesday amid investor’s optimism on economic recovery and stimulus package of 750bn euros.

Euro jumped sharply after 27 EU nations agreed on a 750bn euros stimulus deal to help member countries that are struggling due to coronavirus spread.

Essential Insights Asian equity markets were mixed as covid-19 cases in the US spiked Miami Mayor suggested a stay at home order could be initiated if the situation worsens US President Trump announced a legislation to hold China accountable for actions in Hong Kong surrounding the new security law Disagreements…