Economic News Category

November 13, 2024
EUR/USD Drops Near 1.0600 Ahead of US Inflation Data

EUR/USD Drops Near 1.0600 Ahead of US Inflation Data The EUR/USD pair continues its downward trajectory on Wednesday, hovering just above the 1.0600 mark during Asian trading. This marks the fourth consecutive day of losses for the Euro, with downward momentum driven largely by a strengthening US Dollar (USD). The recent pressure on the EUR/USD

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November 12, 2024
USD/CHF Gains Above 0.8800 as Investors Await US CPI Data

USD/CHF Gains Above 0.8800 as Investors Await US CPI Data The USD/CHF pair sees some buying interest around 0.8810 in early European trading on Tuesday, supported by a stronger US Dollar (USD). Key Federal Reserve officials—Christopher Waller, Thomas Barkin, Neel Kashkari, and Patrick Harker—are scheduled to speak later in the day. Investors also look ahead

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November 11, 2024
EUR/USD Pressured Ahead of Fed Speeches and US Inflation Data

EUR/USD Pressured Ahead of Fed Speeches and US Inflation Data The EUR/USD pair is trading cautiously near a four-month low around 1.0700 in Monday’s European session. The currency pair remains under pressure, bolstered by recent shifts in the US Dollar’s (USD) outlook following Republican Donald Trump’s election as President. This outcome has strengthened the USD,

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November 8, 2024
USD/CHF Rises Above 0.8700 on Renewed US Dollar Demand

USD/CHF Rises Above 0.8700 on Renewed US Dollar Demand The USD/CHF pair edges up to approximately 0.8730 in early European trading on Friday, supported by a fresh wave of demand for the US Dollar. Market participants are awaiting the release of the preliminary US Michigan Consumer Sentiment data for November, along with remarks from Federal

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November 7, 2024
EUR/USD Hovering Near 1.0750 with Downward Pressure Amid Political Shifts in the U.S

EUR/USD Hovering Near 1.0750 with Downward Pressure Amid Political Shifts in the U.S The EUR/USD pair remains around 1.0740 during the Asian session on Thursday, after experiencing a 2% decline in the previous session. The pair appears to be under downside pressure as the U.S. Dollar gains traction, potentially benefiting from renewed interest in “Trump

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