The euro strengthened against the US dollar during Asian trading. The dollar has moved away from the highest recorded value in the past 11 months. The reason for this is the closure of earlier profitable positions, as well as yesterday's disappointing data on the Fed's manufacturing activity index in Philadelphia.... more
The euro has weakened against the US dollar during Asian trade. During the current trading, a slight recovery of the US currency is noticeable, however, the worry over the trade war between the US and China limits the strengthening of the dollar. Today, at 15:30, the president of the European... more
The euro strengthened against the US dollar during Asian trading. Trade tensions between the US and China have further escalated following US President Donald Trampe's instructions to identify Chinese $ 200 billion worth of goods that would be subject to new US tariffs. This intention strongly weakened the US dollar.... more
Eyes on today Eurozone CPI data (inflation) as U.S. CPI (inflation) ticked up.
The European Central Bank will end its stimulus program this year and hike interest rates towards the middle of 2019.
German Manufacturing confirmed its slowdown, coming lower than the expected level.
We consider probable a bounce back to 1.17.
Our special... more