EUR/USD backslides into 1.05 as Euro bids remain elusive

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EUR/USD lost ground again on Monday, skidding back into 1.05. Fiber failed to recapture the 1.0600 handle as near-term bounce fizzles. Plenty of ECB speeches dot the landscape, US NFP jobs numbers loom on Friday. EUR/USD kicked off another trading week with a decline back into familiar near-term lows, flubbing a fresh run at the […]

EUR/USD falls back as ECB officials shift focus to growing economic risks

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EUR/USD faces pressure near 1.0600 as ECB policymakers seem more worried about the economic outlook than about controlling inflation. ECB’s Panetta emphasized an expansionary monetary policy stance to prevent inflation from remaining well below the bank’s target. Deutsche Bank sees the Fed cutting interest rates in December but expects it to be a close call. […]

ECB’s Panetta: Still a long way from the neutral rate

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European Central Bank (ECB) executive board member Fabio Panetta said on Tuesday that the central bank is “still a long way from the neutral rate.” Additional comments If domestic demand remains weak, inflation could fall well below 2%. The ECB should move to neutral monetary policy stance, or even expansionary if necessary. Eurozone economic activity […]

EUR/USD refreshes six-month low on Trump’s victory, German political collapse

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EUR/USD weakens as investors await a slew of Fed speakers for fresh interest rate guidance. The Euro declines as Trump’s policies are expected to weigh on the Eurozone’s exports. This week, investors will focus on the US inflation data for October. EUR/USD posts a fresh six-month low near 1.0650 in Monday’s North American session. The major currency pair weakens as the election […]

ECB’s Schnabel: Headline inflation will remain bumpy

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ECB board member Isabel Schnabel argued that the European Central Bank does not need to lower interest rates to a level that would stimulate the economy, as she believes inflation is unlikely to fall below the bank’s 2% target. Key Quotes Disinflation remains on track, which allowed us to lower rates further in October, but […]

EUR/USD snaps four-day losing streak, but its a long way up

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EUR/USD rebounded on Friday, clipping a week-long losing streak. A last-second recovery in Fiber bids came from broad-market Greenback weakness. The Euro remains poised for further losses after another rate cut from the ECB this week. EUR/USD drifted into a rebound on Friday, snapping a four-day losing streak. A wider selloff in Greenback flows off […]

EUR/USD continues to slump after ECB rate cut

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EUR/USD lost another one-third of one percent on Thursday. The ECB cut rates in-line with expectations, stripping support from underneath the Euro. US data blew the doors off market forecasts, further bolstering the Greenback. EUR/USD continues to backslide following the European Central Bank’s (ECB) quarter-point rate trim early Thursday. A lack of bullish momentum has […]

EUR/JPY trades with modest losses above 162.00 mark, ECB decision awaited

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EUR/JPY drifts lower amid bets for another ECB interest rate cut later this Thursday. The BoJ uncertainty and a positive risk tone cap the JPY, lending support to EUR/JPY. Traders keenly await the ECB rate decision and cues about the further policy path. The EUR/JPY cross attracts fresh sellers during the Asian session on Thursday, […]

EUR/USD hits a fresh ten-week low as Euro continues to crumple

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EUR/USD withered further on Wednesday, sagging below 1.0900. ECB rate cut looms large around the corner, broadly expected to trim rates 25 bps. Final EU inflation figures are unlikely to move the needle on Thursday. EUR/USD is in freefall, plummeting to multi-week lows as the Euro continues to crumple ahead of the European Central Bank’s […]

EUR/USD drops on faster US annual PPI growth

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EUR/USD faces pressure near 1.0950 as the US PPI came in hotter-than-expected. The Fed is expected to cut interest rates by 25 bps in November. The Euro holds strength despite firm ECB dovish bets amid a faster-than-expected decline in Eurozone inflationary pressures. EUR/USD falls back to near the key support of 1.0930 in Friday’s New York session. The […]

EUR/USD remains fragile as US Inflation looms large

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EUR/USD faces selling pressure as the US Dollar holds onto gains ahead of the US CPI data for September. Fed officials are highly concerned about reviving job growth. The Euro is under pressure as the ECB is expected to reduce interest rates further by 50 bps by the year-end. EUR/USD exhibits a weak performance in […]

ECB’s Elderson warns of economic growth risks materializing

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