Economic News Category

EUR/USD Hits 10-Week Low Ahead of ECB Policy Announcement EUR/USD continues to show weakness, trading near 1.0850 on Thursday as the currency pair faces significant selling pressure ahead of the European Central Bank’s (ECB) interest rate decision, expected at 12:15 GMT. According to a Tuesday note from Citi, traders anticipate the ECB will reduce its

EUR/USD stays below 1.0900; further decline likely as ECB decision approaches EUR/USD remains under pressure, trading near 1.0890 during the Asian session on Wednesday after a four-day losing streak. The Euro could face additional downside as the European Central Bank (ECB) is widely expected to announce a 25 basis point cut in both the Main

EUR/USD Holds Below 1.0900, Lowest Since August 8, as USD Strengthens The EUR/USD pair continues its downward slide for the second consecutive day on Tuesday, dipping to the 1.0890 region in the last hour, inching closer to its lowest point since August 8, touched the previous day. However, bearish traders remain cautious, waiting for a

EUR/USD Dips Below 1.0950 Amid Stronger US Dollar The EUR/USD pair continued its decline, dropping to around 1.0920 during early trading in Asia on Monday. This downward movement is driven by risk aversion, fueled by escalating geopolitical tensions in the Middle East and rising conflicts between China and Taiwan, which are pressuring riskier currencies like

EUR/USD Struggles Below 1.0950 Ahead of Key German Inflation Data The EUR/USD pair continues to trade defensively around 1.0935 during early European hours on Friday. A stronger-than-expected U.S. inflation reading on Thursday has bolstered the U.S. dollar, limiting the pair’s ability to move higher. The U.S. Consumer Price Index (CPI) came in hotter than anticipated,