The EUR/USD currency pair ended the week near the 1.1640 level, posting a weekly loss of around 0.7%. The fall came as the US Dollar remained strong against major global currencies.
EUR/USD
Euro Struggles: EUR/USD Slides as Dollar Strengthens Again
The euro is facing sustained selling pressure, primarily driven by a robust US dollar. The greenback is being bolstered by rising Treasury yields and fading market expectations for an early start to the Federal Reserve’s easing cycle.
EUR/USD Holds Ground as Dollar Stumbles Amid Historic US Government Shutdown
EUR/USD remains steady during the North American session on Thursday, yet registering back-to-back bearish days as the US Dollar strengthens amid the ongoing us government shutdown and the absence of US economic data releases like Initial Jobless Claims. The pair trades at 1.1719, down 0.09%.
Why a Fed Rate Hike is Unlikely to Reignite the Dollar Rally – Gold Silver Reports
Gold Silver Reports (GSR) – “The dollar has been weakening since mid-August and the rate hikes for this week and December are pretty fully priced in. Even for 2019 expectations are partly baked in,” said Eric Theoret, FX strategist at Scotiabank.
EUR/USD – Bullish on a Breakout – Neal Bhai Reports
With pressure building in the form of an ascending wedge just beneath strong resistance the euro is on the cusp of a breakout. There is a good amount of resistance in the area around 11720/50 which needs to be cleared through first before momentum has a chance at picking up.
EURUSD Requires Patience, and Lots of It – Gold Silver Reports
Monday’s session did just that. Sellers challenged 1.1530 but were unable to penetrate the level. That bounce from 1.1530 has led to today’s retest of the 1.1630 area.
Forex Upate : EUR/USD Watch 1.15650, If Hold Above Big Blast on Chart – Think MCX Gold and INR???? – Neal Bhai Reports
Forex Upate : EUR/USD Watch 1.15650, If Hold Above Big Blast on Chart – Think MCX Gold and INR???? Suppose Not Break This Level You Will …