EUR/USD continues its upward momentum for the second straight session, trading near 1.1390 on Monday. The euro is gaining strength after Bloomberg reported that former U.S. President Donald Trump agreed to postpone the implementation of a 50% tariff on European Union (EU) imports until July 9. On Sunday, European Commission President Ursula von der Leyen […]
The U.S. dollar continued to decline on Wednesday, weighed down by uncertainty surrounding President Donald Trump’s proposed tax and spending bill. Meanwhile, the British pound gained ground following stronger-than-expected inflation data. As of 04:30 ET (08:30 GMT), the U.S. Dollar Index—which measures the greenback against a basket of six major currencies—dropped 0.4% to 99.595, extending […]
EUR/USD gained for a second consecutive session on Tuesday, lifting the pair closer to the 1.1300 mark. While bullish momentum has returned in the near term, the euro remains well below the multi-year highs near 1.1575. Strong support from key moving averages has provided a technical floor, and market sentiment remains cautiously optimistic that traders […]
The U.S. dollar edged lower on Tuesday as markets focused on a pivotal tax bill vote, while the euro strengthened amid rising hopes for peace talks between Ukraine and Russia. As of 04:30 ET (08:30 GMT), the U.S. Dollar Index — which measures the greenback against a basket of six major currencies — dropped 0.3% […]
The U.S. dollar tumbled on Monday following a surprise downgrade of the country’s sovereign credit rating by Moody’s, just days before a critical vote on President Donald Trump’s tax reform bill. As of 04:20 ET (08:20 GMT), the U.S. Dollar Index — which tracks the greenback against six major currencies — had fallen 0.7% to […]
EUR/USD rebounded from previous session losses on Monday, trading near 1.1190 as the U.S. dollar came under pressure following Moody’s downgrade of the U.S. credit rating from Aaa to Aa1. The agency cited growing fiscal concerns, including ballooning debt and increasing interest payment burdens. This downgrade follows earlier moves by Fitch (2023) and Standard & […]
EUR/USD climbed on Wednesday, recovering most of its early-week losses as the pair moved closer to the 1.1200 mark. The rebound was driven more by broad-based U.S. dollar softness than by any strong bullish sentiment specific to the euro. Muted Market Reaction to U.S. CPI Data Tuesday’s release of U.S. Consumer Price Index (CPI) inflation data prompted a relatively muted reaction […]
EUR/USD is edging lower in Monday’s Asian session, slipping to around 1.1240 after gains in the previous trading day. The Euro (EUR) is under pressure following comments from European Central Bank (ECB) policymaker Olli Rehn, who suggested the ECB may consider cutting interest rates at its next meeting—provided upcoming projections confirm a sustained disinflationary trend […]
The EUR/USD pair traded sideways on Tuesday, establishing a near-term consolidation range around the key 1.1300 level as market participants await a fresh catalyst. Investor focus remains firmly fixed on the Federal Reserve’s upcoming interest rate decision, which is widely expected to shape market direction for the remainder of the week. The Fed’s policy announcement […]
The EUR/USD pair opened the week under pressure, trading near 1.1320 during Monday’s European session. The U.S. dollar drew some support after former President Donald Trump confirmed he would not attempt to remove Federal Reserve Chair Jerome Powell before his term ends in May 2026. Despite branding Powell as “a total stiff,” Trump reiterated his […]
