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EUR/USD mired near 1.0730 after choppy Thursday market session
EUR/USD whipsawed somewhat on Thursday, and the pair is heading into Friday's early session near 1.0730 after a back-and-forth session and complicated US data that vexed rate cut hopes.
EUR/USD Price Analysis: Bulls are not out of the woods, despite reclaiming 1.0700
On Thursday, the Euro rose against the US Dollar after US economic data portrayed the economy as weaker than expected.
Economic Bulletin: Risks to economic growth remain tilted to the downside
"The risks to economic growth remain tilted to the downside," the European Central Bank's (ECB) Economic Bulletin showed on Thursday.
ECB's Schnabel: Central bank most concerned about wages, services
European Central Bank (ECB) executive board member Isabel Schnabel said in her scheduled appearance on Thursday that the "biggest concern is clearly services inflation." Additional comments "There is a consensus emerging that we may be facing a quite bumpy last mile." "The more concerning part is productivity growth." "We've had negative productivity growth now over several quarters." .
EUR/USD treks higher as US data underwhelms
EUR/USD sherpa-treks higher on Thursday, with a foothold now above 1.0700 as it continues its labored recovery from the 1.0601 April lows.
EUR/USD Price Analysis: Moves above 1.0700, next barrier at 21-day EMA
EUR/USD recovers its recent losses registered in the previous session, trading around 1.0710 during the Asian session on Thursday.
EUR/USD hovers around 1.0700, eyes on US first-quarter GDP data
The EUR/USD pair hovers around the 1.0700 psychological level on Thursday during the early Asian session.
EUR/USD stays firm, shy of 1.0700 amid strong US Dollar and elevated US yields
The Euro is steady against the US Dollar, virtually unchanged after solid data from the United States (US) boosted the Greenback, which recovered from Tuesday's losses.
Forex Today: Cautious trade supported the Dollar ahead of US GDP
The Greenback regained composure and kept the recent optimism in the risk complex on check ahead of the publication of US GDP figures and inflation gauged by the PCE later in the week.
EUR/USD recovers after US economic myth dented
EUR/USD trades just shy of 1.0700 on Wednesday after weaker-than-expected private sector growth and US business activity dent the myth of US economic exceptionalism, weighing on the US Dollar (USD).
German IFO Business Climate Index improves further to 89.4 in April vs. 88.9 expected
The headline German IFO Business Climate Index came in at 89.4 in April, way higher than the March reading of 87.9.
ECB's Nagel: June rate cut not necessarily followed up by a series of rate cuts
European Central Bank (ECB) policymaker and Bundesbank Chief Joachim Nagel said on Wednesday that a June interest rate cut may not be necessarily followed up by a series of rate cuts.
EUR/USD Price Analysis: The first upside target is seen at the 1.0710-1.0715 region
The EUR/USD pair trades in positive territory for the fourth consecutive day near 1.0705 on Wednesday during the early European trading hours.
EUR/USD holds above 1.0700 on weaker US Dollar, upbeat Eurozone PMI
The EUR/USD pair holds above the 1.0700 psychological barrier during the early Asian session on Wednesday.
EUR/USD climbs above 1.0700 on soft US Dollar on weak US PMIs
During Tuesday's North American session, the Euro appreciated against the US Dollar, up by more than 0.40%, and exchanged hands above a key resistance level.
Forex Today: Improved risk appetite hurt the Dollar
Increasing appetite for the risk-linked space weighed further on the US Dollar, while disheartening US PMIs also kept the currency depressed.
Eurozone Preliminary Manufacturing PMI drops to 45.6 in April vs. 46.5 expected
The Eurozone manufacturing sector activity contraction unexpectedly deepened while the services sector continued to expand in April, according to the data from the HCOB's latest purchasing managers index survey released on Tuesday.
ECB's de Guindos: Barring any surprises, June rate cut is a 'fait accompli'
European Central Bank (ECB) Vice President Luis de Guindos said on Tuesday that "barring any surprises, the June rate cut is a 'fait accompli'." Additional quotes But have to be very cautious about what comes afterwards.
German Preliminary Manufacturing PMI rises to 42.2 in April vs. 42.8 expected
Germany's manufacturing sector witnessed some improvement in the contraction in April while the services sector outperformed, the preliminary business activity report published by the HCOB survey showed Tuesday.
EUR/USD extends holding pattern ahead of PMIs
EUR/USD extends its holding pattern of the last few days, trading in the mid 1.0600s on Tuesday, prior to the release of potentially market-moving purchasing manager survey data.
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