How Non-Farm Payroll Impacted the Euro and US Dollar Exchange Rate

Introduction The exchange rate between the euro and the US dollar has been in focus in recent times. The euro has been performing well against the US dollar this year, with a 3% increase in value, primarily due to a hawkish European Central Bank (ECB) and comparatively less aggressive Federal.

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EUR/USD Rallies After Nonfarm Payrolls Report

The EUR/USD pair has been trading slightly higher, up by around 0.1%, as it rallied back into resistance after traveling between 1.0966 and 1.1047 on the day so far. The US Dollar initially rallied on Friday after the release of the Nonfarm Payrolls report which showed that US employers had.

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EUR/USD Continues its Upward Trend with 1.1100 Barrier in Sight

The EUR/USD pair is currently trading with a bullish bias, continuing its upward momentum on Thursday. The pair has its immediate target set at the 1.1100 barrier, which it seems to be closing in on. But what is driving the pair’s upward trend? Let’s take a look. One of the.

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AUD/USD Resilient Below 0.6600 Mark, Shows Signs of Buying

The AUD/USD pair has been showing resilience in recent trading sessions, despite a two-day losing streak that saw its lowest level since mid-March. The pair has maintained its bid tone through the early part of the European session, indicating a bullish sentiment. Lack of Bullish Conviction While the AUD/USD pair.

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USD/JPY Stabilizes at 133.70 as Correction Fades

Introduction: The USD/JPY pair is a popular currency pair traded in the foreign exchange market. It represents the value of the US dollar against the Japanese yen. As with any currency pair, the value of the USD/JPY fluctuates depending on various economic and geopolitical factors. In this article, we will.

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GBP/USD Struggles to Gain Traction Amid Subdued US Dollar Price Action

The GBP/USD pair is currently struggling to gain any meaningful traction on Thursday and is oscillating in a narrow trading band through the first half of the European session. The pair is currently placed just above mid-1.2400s, nearly unchanged for the day. However, the downside seems cushioned amid subdued US.

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Euro Strengthens on Hawkish ECB Chatter Ahead of Rate Decision

The European Central Bank (ECB) is currently facing a challenging situation as the Euro Area inflation rate continues to rise above the central bank’s mandated target of 2%. In March, inflation was seen at 6.9%, down from February’s 8.5% but still significantly higher than the target. To tackle this stubbornly.

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EUR/USD Gains Traction Amid Strong Market Optimism

Introduction: The EUR/USD currency pair has been gaining traction in recent weeks, as market participants remain optimistic about the global economy despite ongoing challenges. In this article, we will explore the factors driving this trend and examine what it means for investors. Factors Driving the Trend: One key factor driving.

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AUD/USD Drops for Second Consecutive Day, Hits Mid-March Lows

The AUD/USD pair is on a downward trend, experiencing heavy losses for the second day in a row. As of Wednesday’s European session, the pair is hovering around the 0.6600 mark, its lowest point since mid-March. Factors Behind AUD/USD Pair’s Decline Several factors are contributing to the AUD/USD pair’s downward.

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USD/JPY remains under pressure, trades above one-week low

Introduction The USD/JPY pair has been on the defensive for the second consecutive day, trading just above a one-week low touched the previous day. During the early European session, the pair trades around 133.50, down over 0.10% for the day. The pair’s movements are influenced by a combination of diverging.

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GBP/USD Pair Reverses Retracement Slide and Gains Positive Traction

The GBP/USD pair is experiencing a steady intraday ascent through the early part of the European session, building on yesterday’s gains to trade around the 1.2455-1.2460 region. This marks a significant reversal of the previous day’s retracement slide from over a one-week high, where levels had climbed just above the.

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EURUSD struggles to break through 1.1000 handle amid a subdued start to a data-packed week

Introduction: The EURUSD pair has been struggling to break through the 1.1000 handle, despite enjoying a modest bounce following the European open today. This comes amid a relatively subdued start for markets in what is a big week packed with economic data releases. In this article, we will explore the.

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