Latest 10 news items tagged France from our financial blog...
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...
Euro to Australian Dollar Exchange Rate Hits Best since January on Solid Eurozone Data and RBA Rate Cut Bets
Published: 15 May at 1 PM 2019
The Euro to Australian Dollar (EUR/AUD) exchange rate’s rally has lasted for almost a full month now, and the pair is looking on track to sustain another strong set of gains this week unless tomorrow’s highly anticipated Australian job market report beats market expectations.
Following last week’s climb from 1.5975 to 1.6050, EUR/AUD has seen even stronger gains this week already due to another Australian Dollar selloff. At the time of writing on Wednesday, EUR/AUD was trending close to its weekly high of 1.6199, which was also...
British Pound to Euro Exchange Rate Surges on Hopes for Formal Brexit Delay
Published: 23 Jan at 4 PM 2019
Due to a stream of disappointing Eurozone ecostats published over the past week, the British Pound to Euro (GBP/EUR) exchange rate surged towards the end of Wednesday’s European session on the latest Brexit speculations.
Despite mixed demand for Euro rivals, a weaker economic outlook has left the shared currency without strong support. GBP/EUR surged from 1.1196 to 1.1328 last week on Brexit hopes and have already climbed to trend near a high of 1.1490 at the time of writing this week. This was the best level for GBP/EUR for over two...
Euro to US Dollar Exchange Rate Fails to Capitalise on US-China Trade Truce News
Published: 3 Dec at 5 PM 2018
Despite the weekend’s global trade developments making investors much more willing to take risks, the Euro to US Dollar (EUR/USD) exchange rate was not able to capitalise on the safe haven US Dollar’s fresh weakness. This was partially due to underwhelming Eurozone ecostats, weighing on market demand for the shared currency.
Concerns for slowing Eurozone growth have prevented EUR/USD from holding advance attempts over the past week. Last week saw EUR/USD slip just slightly, from 1.1337 to 1.1317, as Eurozone data prevented the Euro...
Euro to US Dollar Exchange Rate Slips from Highs as Eurozone PMIs Fall Short
Published: 24 Jul at 3 PM 2018
A combination of the latest ecostats and stronger demand for the US Dollar following its poor performance at the end of last week has caused the Euro to US Dollar (EUR/USD) exchange rate to slip. However, EUR/USD movement is likely to remain muted until major Eurozone and US news later in the week.
Last week was a highly volatile week for EUR/USD, as the pair opened the week at the level of 1.1686 and briefly slumped to a July low of 1.1584 before surging again. EUR/USD closed the week at the level of 1.1730. Since markets opened on...
Euro to Australian Dollar Exchange Rate Advances despite Underwhelming Eurozone Confidence Results
Published: 24 Apr at 5 PM 2018
While not significantly disappointing, Tuesday’s Australian inflation results from Q1 2018 were enough to help the Euro to Australian Dollar (EUR/AUD) exchange rate advance throughout the day. This was despite some disappointing business confidence stats from major Eurozone nations.
Low Reserve Bank of Australia (RBA) interest rate hike bets and underwhelming Australian data could cause EUR/AUD to see another week of gains. Last week, EUR/AUD climbed from 1.5882 to 1.6023, and this week the pair has touched on an April high of...
Euro to US Dollar Exchange Rate Sold from Highs as Spanish Inflation Disappoints
Published: 27 Mar at 5 PM 2018
In response to some underwhelming Eurozone ecostats and a recovering US Dollar, the Euro to US Dollar (EUR/USD) exchange rate shed most of its Monday gains on Tuesday. If German inflation projections due on Thursday disappoint too, the Euro to US Dollar exchange rate could continue to fall.
After edging higher from 1.2296 to 1.2358 last week, EUR/USD jumped on Monday and touched on a high of 1.2472 on Tuesday morning. This was the pair’s best level in over a month, since mid-February. The pair continued to trend above the week’s...
Euro to US Dollar Exchange Rate Climbs Despite Higher Federal Reserve Interest Rate Hike Bets
Published: 14 Feb at 5 PM 2018
Despite some unexpectedly high US inflation data on Wednesday, the Euro to US Dollar exchange rate only saw a brief dip before trending near its daily highs towards the end of the European session. The Euro was supported by strong Eurozone growth data throughout the day.
Since opening the week at the level of 1.2253, EUR/USD has spent recent sessions climbing. While EUR/USD briefly dipped by over half a cent on Wednesday afternoon, the pair promptly recovered and touched on a weekly high of 1.2401 before European markets closed.
Euro to Canadian Dollar Exchange Rate Slips as Investors Take Profit Following Macron Win
Published: 8 May at 1 PM 2017
The Euro to Canadian Dollar exchange rate slipped from its highs last week and continued to drop on Monday. This was despite general optimism in the Eurozone following the election of pro-EU Emmanuel Macron as the next President of France.
EUR/CAD advanced from 1.4879 to 1.5014 last week but was unable to hold Friday’s high of 1.5148. This was also the pair’s best level since February 2016, making profit-taking particularly appealing for EUR/CAD investors.
Euro (EUR) Slips in Profit-Taking after Macron’s Election Win
Euro Japanese Yen Exchange Rate Slides on French Election, Remains Near 1-Year Highs
Published: 5 May at 1 PM 2017
The Euro has fallen moderately against the Japanese Yen today, but remains close to its best exchange rate since May 2017 at 123.05.
The latest Eurozone news has been positive, with retail activity in April rising from 49.5 to 52.7. A figure above 50 points indicates sector growth, which is a relief of Euro traders.
Despite the good news, however, the Euro has fallen against the Yen due to concerns about the French Presidential election.
The May 7th vote is considered a real test for the Eurozone, as a victory for Marine Le Pen...