EURUSD=X - EUR/USD
| Previous Close | 1.0712 |
| Open | 1.0710 |
| Bid | 1.0696 |
| Day's Range | 1.0694 - 1.0715 |
| 52 Week Range | 0.9540 - 1.1094 |
| Ask | 1.0691 |
BloombergAfter Month of Pain, Euro Bulls Look to Fed Pause for Relief
(Bloomberg) -- Investors who took out long positions in the euro could be in for some respite, even as a shaky outlook for the economy continues to stalk the common currency.Most Read from BloombergMystery Trader’s Debt-Ceiling Windfall Sparks Insider ConcernsOPEC+ Latest: Saudis Unveil Extra 1 Million Barrel CutUS-China Handshake Fails to Stem Asia’s Fear of Another UkraineQatar Airways Plans for Future Without First Class on Long-HaulOil Surges After Saudis Pledge Million-Barrel Cut at OPEC+ M
Business InsiderDollar dominance could give way to a new regime that includes the euro, yuan, CBDCs, and maybe something 'we have yet to see'
"Within the next decade or two, there is great potential for regionally-dominant currencies and a multipolar international regime to emerge."
Business InsiderDollar dominance could give way to a 'tripolar' currency system as China's yuan and the euro rise on the world stage
"With capital controls, it would be difficult for the [yuan] to become a viable international currency," economist Stephen Jen told Insider.
FX EmpireEUR/USD Weekly Forecast – Euro Peaks Below Major Trend Line
The euro has broken down below the major trend line that we have been following during the week, only to turn around and recapture it.
ReutersHungary cbank chief sees chance for euro adoption only after 2030
Hungary should not consider adopting the euro before 2030 as joining the single currency zone before its economy is duly prepared would backfire, central bank governor Gyorgy Matolcsy said on Friday. Matolcsy said once Hungary reaches about 90% of the EU's average level in terms of economic development, then the adoption of the single currency could be put on the agenda. "Perhaps around 2030 or a bit later we could reach ... 90% of the EU's average in terms of development, then it's worth entering (the euro zone) as the euro has many advantages," Matolcsy said.
FX EmpireEUR/USD Forecast – Euro Has a Choppy Friday
The euro has gone back and forth on Friday, which is quite typical for a Non-Farm Payroll Friday, as traders try to position themselves for Federal Reserve expectations.
- Investing.com
Dollar slips after debt ceiling bill progresses; payrolls due later
The U.S. dollar slipped lower in early European trade Friday, adding to the previous session’s sharp losses after the U.S. Congress approved the debt ceiling bill, while traders awaited the widely watched monthly payrolls release. The U.S. Senate late Thursday passed legislation lifting the government's $31.4 trillion debt ceiling, a day after the House of Representatives had done the same. The bill now heads to the White House for President Joe Biden to sign it into law, averting what would have been a first-ever default as the Treasury Department had warned it would be unable to pay all its bills on June 5 if Congress failed to act by then.
FX EmpireTraders Still Expect a Pause by the Fed This Month
The dollar has remained mostly steady pre-NFP as the majority consensus shifted back to a hold on 14 June.
FX EmpireEUR/USD Forecast – Euro Finds Buyers on Dips Again
The euro continues to face a lot of downside pressure on Thursday as we try to figure out if the buyers are going to jump back in.
- Reuters
FOREX-Dollar rises as U.S. debt bill passes House, euro slides ahead of inflation
The dollar rose on Thursday after a vote of approval from the U.S. House to suspend the debt ceiling, though the greenback drifted from a two-month high as investors trimmed bets the Federal Reserve will raise interest rates this month. The euro fell ahead of euro zone inflation data due at 0900 GMT, which is expected to show price pressure in the block has eased. A divided U.S. House of Representatives on Wednesday passed a bill to suspend the $31.4 trillion debt ceiling, and the focus now turns to how it will fare in the Democratic-led Senate just days before the federal government is expected to run out of money to pay its bills.
CoinDeskOlive-Oil Producer Issues First Euro-Stablecoin-Denominated Bond on Obligate’s DeFi Platform
The debt sale was the first of its kind for the French sustainable agriculture business.
FX EmpireEUR/USD Forecast – Euro Is Testing the 200-Day EMA
The euro fell rather hard during the course of the trading session on Wednesday, as we are testing the 200-Day EMA.
- Reuters
Sterling firmest vs euro since December on signs European inflation cooling
Sterling hit a 5-1/2 month high against the euro on Wednesday after data showing lower inflation in major European markets, but fell against the dollar as investors eyed Bank of England rate expectations for the pound's direction. The euro dropped to as low as 86.27 pence, its weakest since Dec. 15, and was last trading down 0.2% at 86.32 pence after inflation data from France and several major German states came in under expectations. More broadly, investors were looking at expectations for the Bank of England's main interest rate for indications about where the pound trades from here.
- Reuters
Home prices may slump in euro zone as rates rise, ECB says
Home prices in the euro zone may be headed for a "disorderly" decline as high mortgage rates make purchases unaffordable for households and unattractive for investors, the European Central Bank (ECB) said on Wednesday. It was one of several risks flagged in the ECB's Financial Stability Review (FSR, along with higher borrowing costs and slower growth hurting companies and households and, in turn, casting a shadow on traditional lenders and shadow banks. The ECB has been raising interest rates from record lows since July in a bid to fight inflation, and looks set to continue doing so in coming months.
FX EmpireEUR/USD Forecast – Euro Bounces From Trend Line
The euro initially plunged below a major trend line in the 200-Day EMA, only to turn around and show signs of life.
Yahoo Finance UKGold prices slide as dollar rises on Fed rate hike expectations
Optimism over a US-debt deal agreement weighed on gold prices as investors once again gravitate towards riskier assets.
CoinDeskECB Finalizes Digital Euro Prototypes as Development Decision Looms
The central bank has examined the use of distributed ledger technology and smart contracts for its potential new digital currency.
- Reuters
Euro zone bond yields fall after Spanish inflation cools
Euro zone bond yields fell on Tuesday after Spanish inflation data came in lower than expected, raising hopes that the European Central Bank may raise interest rates less than previously feared. It followed a drop in yields on Monday after Democrats and Republicans reached a deal on the U.S. debt ceiling on Friday. Germany's 10-year yield, the benchmark for the euro zone, was down 4 basis points (bps) at 2.389% on Tuesday after falling 11 bps on Monday.
FX EmpireEUR/USD Forecast – Euro Gives Up Early Gains During Holiday Trading
The euro initially tried to rally during the trading session on Monday, but as it was Memorial Day in the United States it’s not a huge surprise that the market did very little.
FX EmpireEUR/USD Weekly Price Forecast – Euro Has a Tough Week
The euro has plunged during the trading week, as we are now testing a major uptrend line.
FX EmpireEUR/USD Forecast – Euro Continues to Test a Trendline
The euro initially tried to rally during the day on Friday but gave back gains rather quickly.
FX EmpireEUR/USD Forecast – Euro Continues to Fall
The euro has fallen a bit during the trading session again on Thursday, as it looks like we are heading toward the 200-Day EMA.
- Investing.com
Dollar in demand after Fitch signals possible U.S. rating downgrade
The U.S. dollar gained in Europe Thursday, climbing to a two-month high on rising fears of a U.S. default as Fitch threatens a rating downgrade. At 02:55 ET (06:55 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, rose 0.2% to 103.955, just below the 104.05 overnight peak, the highest level since mid-March. The dollar’s safe haven status has meant that it has benefited from the lack of progress in the talks to lift the U.S. government's $31.4 trillion debt ceiling, with the early-June deadline that Treasury Secretary Janet Yellen said is when it’s “highly likely” that her department will run out of money drawing nearer.
FX EmpireEUR/USD Forecast – Euro Sees Choppy Wednesday
The euro has gone back and forth during the trading session on Wednesday, as we continue to determine whether or not we can go lower, or if we are going to turn things around.
- Investing.com
Goldman Sachs doubts the bullish potential of EUR/USD, confirms target at 1.10
Investing.com -- After an April that yielded a yearly high of 1.1095, the EUR/USD has so far had a rough month of May, with the currency pair dropping to a low of 1.0760 on Tuesday and remaining under pressure on Wednesday, a weakness that analysts at Goldman Sachs attempted to explain in a note published last night.