Latest 10 news items tagged Euro Crisis from our financial blog...
Euro to US Dollar Exchange Rate Struggles Near 2021 Worst despite Forecast-Beating Eurozone PMIs
Published: 1 Apr at 1 PM 2021
Despite fresh signs of resilience in the Eurozone economic outlook, the Euro to US Dollar (EUR/USD) exchange rate has been struggling to recover from this week’s lows as the US Dollar remains broadly appealing in comparison. Unless upcoming US data disappoints investors, the Euro may have a difficult time mounting a more solid recovery.
Since opening this week at the level of 1.1771, EUR/USD has been struggling to hold its ground. EUR/USD tumbled in the middle of the week and hit a low of 1.1704 - the worst level for the pair all...
Pound to US Dollar Exchange Rate Near Month-And-A-Half Worst as US Growth Report Comes In
Published: 25 Mar at 3 PM 2021
The British Pound to US Dollar (GBP/USD) exchange rate has been tumbling this week, as investors seeking safer assets buy the US Dollar against a weaker Pound. While the pair flounders near lows, markets await tomorrow’s key UK and US data.
Since GBP/USD opened this week at the level of 1.3869, the pair has been trending with a bearish bias. GBP/USD touched on a low of 1.3673 this morning, the pair’s worst level since the beginning of February over a month and a half ago.
At the time of writing, Sterling is steadying slightly....
Euro to US Dollar Exchange Rate Continues Recovery despite ECB’s Dovishness
Published: 11 Mar at 4 PM 2021
Investors continued to buy the Euro to US Dollar (EUR/USD) exchange rate today, with the pair still recovering from the lows seen at the beginning of the week. The US Dollar has been tumbling since US inflation data was published yesterday, which is boosting Euro appeal despite a cautious tone from the European Central Bank (ECB).
Last week’s surging rebound in demand for the US Dollar pulled EUR/USD down from 1.2072 to 1.1912, a considerable loss of over a cent and a half.
Then, when markets opened on Monday morning EUR/USD...
Pound to Euro (GBP/EUR) Exchange Rate Rises as UK Construction Data Boosts Economic Confidence
Published: 4 Mar at 6 PM 2021
The Pound to Euro exchange rate rose by 0.5% today, with the pairing currently fluctuating around €1.16.
Sterling rose following yesterday’s announcement of the 2021 Budget. Chancellor Rishi Sunak repeated his pledge to do ‘whatever it takes’ to help the UK economy recover from the Covid-19 pandemic.
Additionally, the UK’s Covid-19 infections continue to drop, buoying confidence in the outlook for the economy in the months ahead.
Today also saw promising UK economic data in the form of the latest Construction PMI...
Euro to US Dollar Exchange Rate Returns to Key 1.22 Levels as Federal Reserve Stays Dovish
Published: 25 Feb at 3 PM 2021
Despite uncertainty over the Eurozone’s coronavirus outlook, the Euro to US Dollar (EUR/USD) exchange rate has been trending higher again this week. Whether or not the pair sustains a strong advance depends on upcoming Eurozone and US data however.
Since markets opened this week, EUR/USD has been trending with an upside bias. EUR/USD opened this week at the level of 1.2117 and has been edging higher and higher each day.
Today, EUR/USD touched on a high of 1.2235. This was the best level for EUR/USD in over a month, since the...
British Pound to US Dollar Exchange Rate Near New 2-Level Best as Sentiment Continues to Improve
Published: 21 Jan at 5 PM 2021
The Pound rally has been gathering steam while risk aversion and US economic concerns weigh on the US Dollar, making it easier for the British Pound to US Dollar (GBP/USD) exchange rate to trend near its best levels in years.
Since opening this week at the level of 1.3585, GBP/USD has been trending higher save for a brief dip near the beginning of the week.
Last night, GBP/USD touched on a high of 1.3742. This was the best level for the pair in over two and a half years, since the first half of 2018.
At the time of writing on...
Pound to Euro (GBP/EUR) Exchange Rate Dips as Brexit Fears Weigh on UK Market Optimism
Published: 24 Nov at 4 PM 2020
The Pound to Euro (GBP/EUR) exchange rate fell today after the Bank of England’s (BoE) Governor, Andrew Bailey, commented that Brexit could cause more damage to the British economy than Covid-19.
As a result, GBP investors have become increasingly jittery as UK-EU trade talks have failed to emerge with any certain signs of a post-Brexit trade deal.
Mr Bailey highlighted the difficulties of adjusting to a new trading relationship, saying:
‘It takes a much longer period of time for the real side of the economy to adjust to the...
GBP/USD Exchange Rate Rises as Covid-19 Vaccine Hopes Boost UK Economic Mood
Published: 10 Nov at 5 PM 2020
The Pound rose against the US Dollar today following positive news that the UK could receive up to 10 million Covid-19 vaccine as early as the end of the year.
UK Health Minister Matt Hancock was confident that vaccines could be rolled out by December.
The British Medical Association commented:
‘Vaccine availability will be limited to begin with, meaning only small numbers of vaccines may be given in December with most vaccinations taking place in early 2021.’
Consequently, UK markets are now more hopeful that the UK...
Euro to US Dollar Exchange Rate Sees Heavy Fluctuations with US Election Still Far from Certain
Published: 4 Nov at 5 PM 2020
The Euro to US Dollar (EUR/USD) exchange rate has seen intensifying volatility and fluctuations since last night, as the results of the 2020 US Presidential Election turn out to be far less clear than expected.
Since opening this week, EUR/USD been trending with a largely downside bias as investors continue to avoid risks. EUR/USD opened the week at the level of 1.1676 and has touched on lows of 1.1617. This is the worst level for the pair since July.
EUR/USD has attempted to gain on hopes that the election result will become...
British Pound to US Dollar Exchange Rate Avoids Major Losses amid Resilient Market Sentiment
Published: 23 Oct at 5 PM 2020
Both the Pound and US Dollar weakened today, ending the week with a jittery note for the British Pound to US Dollar (GBP/USD) exchange rate. Investors may be more likely to buy the pair in the coming weeks though as UK and US political uncertainties clear up.
Since opening this week at the level of 1.2915, GBP/USD has been trending with an upside bias.
After a surge in demand earlier in the first half of the week, GBP/USD touched on a high of 1.3169. This was the best level for GBP/USD in a month and a half, since the beginning of...