Introduction: The Eurozone’s economic recovery is facing significant challenges in 2023. Despite positive data on exports from Germany and an upbeat eurozone PMI report, the euro has failed to gain traction against the US dollar. This article will explore the factors that have impacted the euro’s performance, including the recent
The US Dollar (USD) has faced selling pressure in the early European morning on Tuesday. Although the market is pricing in a nearly 60% probability of the US Federal Reserve (Fed) raising its policy rate by 25 basis points (bps) in May, the currency is finding it hard to gather
The GBPUSD pair ticked higher on Monday, thanks to a surprise announcement from OPEC+ that they will be implementing further production cuts. The news sent the price of oil and the dollar sharply higher earlier in the session. OPEC+ is a group of oil-producing nations that includes the Organization of
The EURUSD has been under pressure in the Asian session, with selling pressure denting sentiment. The primary reason for the selling pressure was the strength of the US dollar, which has been supported by recent economic data from the US. Additionally, there are concerns about a potential recession in Europe,
The EUR/USD currency pair has been on a rollercoaster ride lately, with the pair initially hitting a low of below 1.08 in early March 2023. However, the pair has since rebounded and is currently trading at around 1.0890 as of April 3, 2023. Despite the recent rebound, economists at Scotiabank
As China eases its strict COVID-19 border controls, pent-up cash is starting to flow abroad, with real estate agents and property data from Australia to Singapore suggesting that Chinese demand is helping to boost property prices. Chinese students are also snapping up apartments in Sydney and Melbourne, and agents say
Introduction: The US Dollar Index (DXY) has rallied after a three-week losing streak, rising to 102.83 during the early hours of Monday’s Asian trading session. The greenback’s gauge versus the six major currencies has benefited from the market’s risk aversion and cautious mood ahead of key US activity data and
The NZD/USD currency pair is facing downward pressure as bears test dynamic support levels. On Monday, the pair fell from a high of 0.6255 to a low of 0.6232, down 0.3% on the day. The reason for this downward movement is due to risk-off sentiment dominating the market. Risk-Off Tone
The EUR/USD currency pair has experienced a decline in the American session on Friday, falling below 1.0900. This drop in value can be attributed to quarter-end flows that are allowing the US Dollar to find some demand. However, the risk-positive market environment is limiting the pair’s downside ahead of the
The euro has been on the rise against the U.S dollar since October 2022, but the advance has not been a straight line and encountered several obstacles. This moderate bullish conviction in the common currency was driven by multiple positive drivers, one of which was the sharp pullback in natural
On Thursday, the EUR/USD pair rose by 0.6% and hovered above the psychological 1.0900 level. The surge was attributed to several factors, including a boost in market sentiment, broad-based US dollar weakness, and hotter-than-expected inflation data in Germany. This upward trend is threatening to recapture this month’s high and could
Introduction The EUR/USD currency pair has been closely watched by investors in recent days as it fluctuates in response to a variety of economic factors. At the time of writing, the pair is trading at 1.0842, having dropped from weekly highs of 1.0925. This drop has been attributed to a