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EUR/USD drifting, eurozone inflation next - MarketPulse
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Euro rises, flirts with 1 10 - MarketPulse
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US inflation rises, euro edges higher
Posted 3 hours agoSharePrint
EUR/USD is in positive territory on Tuesday. Currently, EUR/USD is trading at 1.1935, up 0.20% on the day.
German ZEW Economic Sentiment slips
The closely-watched German ZEW Economic Sentiment index disappointed in April, falling to 70.6. This was down sharply from 76.6, and well off the consensus of 79.9. This was the first decrease since November 2020, but the index still remains at a high level, as financial experts still have relatively strong expectations for the German economy in the next six months. The drop is being attributed to concerns that consumer spending will decline due to tighter lockdown restrictions.
Euro dips below 1.19, US retail sales see red
March 16, 2021SharePrint
The euro continues to weaken this week, as the currency is down for a third successive day. Currently, EUR/USD is trading at 1.1894, down 0.30% on the day.
German ZEW Economic Sentiment rises
The euro remains under pressure, and even a strong outing from the German ZEW Economic Sentiment earlier in the day has failed to stem the currency’s slump. In March, the indicator rose to 76.6, up from 71.2 beforehand. This marked a fourth straight month of acceleration, pointing to stronger confidence in Germany’s economy from financial experts. The Eurozone ZEW reading showed a similar move, rising from 69.6 to 74.0.
Euro down despite sharp confidence data
February 16, 2021SharePrint
The euro is showing slight losses in the Tuesday session. Currently, EUR/USD is trading at 1.2110, down 0.15% on the day.
German economic confidence accelerates
The German economy continues to struggle under the weight of Covid-19, but there was some positive news on Tuesday. The well-respected ZEW Economic Sentiment survey climbed to 71.2 in January, up from 61.8 beforehand. This sharp gain was all the more impressive, as the street consensus projected a drop to 59.7. . The ZEW summed up the impressive data as follows:
“The financial market experts are optimistic about the future. They are confident that the German economy will be back on the growth track within the next six months. Consumption and retail trade in particular are expected to r
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