EUR/USD Live News

This page provides live coverage and news analysis on the EUR/USD currency pair

Aug. 6, 2020

After 2 years hiatus, Euro/Dollar is back at 1.1919 levels

Live - Updated 46 minutes ago.

With no clear-cut direction EUR/USD trading at 1.186 after ranging today between 1.1919 and 1.1841.

This in-between state for Euro is reflected by market data published as New data for Germany Factory Orders was released today at 6:00 AM comes out at 27.9%, beating projections of 10.1% and showing improvement over the preceding figure of 10.4%. Germany Services PMI fall short of the 56.7 projections, with 55.6 and continued its downward trajectory from previous figure of 47.3. Italy Services PMI fall short of the 51.1 projections, with 51.6 and continued its downward trajectory from previous figure of 46.4.

Meanwhile, mixed performance are seen elsewhere as Series([], Name: label, dtype: object) is trading around 0.9076 after starting the session at 0.9178 (down 101 pips). Aussie/Dollar is up 0.8% (56 pips) to 0.7192 levels.

Aug. 5, 2020

Euro rallies beyond 1.1869 for the first time in 2 years

(22:00) GMT

EUR/USD rallied 64 pips (0.55%) deep into the session trading at 1.1864.

Despite this, other data released earlier might suggest a different path as Euro Zone Retail Sales fall short of the 5.9% projections, with 5.7% and continued its downward trajectory from previous figure of 20.3%. Germany Services PMI fall short of the 56.7 projections, with 55.6 and continued its downward trajectory from previous figure of 47.3. France Services PMI fall short of the 57.8 projections, with 57.3 and continued its downward trajectory from previous figure of 50.7.

A look at other markets shows behavior that usually indicate a green move for Euro as Aussie is trading around 0.7192 after starting the session at 0.7135 (up 0.8%).

In the meantime, interesting moves noted when Series([], Name: label, dtype: object) is trading around 0.9074 after starting the session at 0.9178 (down 103 pips).

Aug. 4, 2020

After starting the day at 1.1765, Euro inches to 1.1796 (up 30 pips)

(22:00) GMT

Small gain for EUR/USD at 1.1796 after ranging today between 1.1799 and 1.1805.

Despite this, other data released earlier might suggest a different path as Germany Manufacturing PMI fall short of the 50.0 projections, with 51.0 and continued its downward trajectory from previous figure of 45.2. Spain Manufacturing PMI fall short of the 52.0 projections, with 53.5 and continued its downward trajectory from previous figure of 49.0. Italy Manufacturing PMI fall short of the 51.2 projections, with 51.9 and continued its downward trajectory from previous figure of 47.5.

In the meantime, interesting moves noted when Canadian Dollar is trading around 1.3326 after starting the session at 1.34 (down 74 pips). Gold is trading around 2016.1 after starting the session at 2001.2 (up 0.74%).


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Aug. 3, 2020

Euro is trading around 1.176 after starting the day at 1.178 (down -0.17%)

(22:00) GMT

EUR/USD slides down from 1.178 to 1.176, taking a 20 pips loss (-0.17%).

This downslide might be related to financial indicators data published earlier as Germany Manufacturing PMI fall short of the 50.0 projections, with 51.0 and continued its downward trajectory from previous figure of 45.2. Spain Manufacturing PMI fall short of the 52.0 projections, with 53.5 and continued its downward trajectory from previous figure of 49.0. Italy Manufacturing PMI fall short of the 51.2 projections, with 51.9 and continued its downward trajectory from previous figure of 47.5.

Taking a wider perspective, performance of these other symbols usually suggest a setback for Euro/Dollar as Aussie dropped -0.28% (20 pips) to 0.7124.

At the same time, interesting moves noted elsewhere when Canadian Dollar is trading around 1.3387 after starting the session at 1.3417 (down 29 pips).

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