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EUR/USD holds firm above 1.1800 as strong US Retail Sales limits Dollar downside
The Euro (EUR) came under mild pressure against the US Dollar (USD) during the American session on Tuesday, as upbeat US economic data tempers risk appetite and lifts the Greenback modestly off recent lows.
When is the US Retail Sales data and how it could affect EUR/USD?
The United States (US) Retail Sales for August is due for release today at 12:30 GMT. The Retail Sales data, a key measure of consumer spending, is expected to have grown at a moderate pace of 0.2%, against a 0.5% increase seen in July.
EUR/USD targets July high at 1.1829 - BBH
EUR/USD is firming toward its July high as resilient Eurozone data and a steady ECB policy stance underpin the uptrend, while relative Fed dovishness continues to favor the euro, BBH FX analysts report, BBH FX analysts report.
Forex Today: It's all about the Federal Reserve
The US Dollar (USD) accelerated its decline on Tuesday, hitting levels last seen in early July as investors continued to assess the likelihood of extra interest rate cuts by the Federal Reserve in the next few months.
EUR is outperforming on ZEW surprise - Scotiabank
The Euro (EUR) is strong, up 0.4% against the US Dollar (USD) and outperforming all of the G10 currencies on the back of a better than expected ZEW investor sentiment survey.
ECB's Scicluna: There is no cut already in a box and waiting to be unpacked
European Central Bank (ECB) policymaker and Central Bank of Malta Governor Edward Scicluna said on Tuesday, "there is no cut already in a box and waiting to be unpacked."
EUR/USD eyes another test of 1.18 - Commerzbank
EUR/USD remains near the upper end of its three-month trading range, with another test of 1.18 possible today. Despite a recent spike, implied volatility has retreated, underscoring calmer market conditions, Commerzbank's FX analyst Michael Pfister notes.
EUR/USD: Clear break above 1.1790 might shift the focus to 1.1830 - UOB Group
Upward momentum is starting to build; the odds of Euro (EUR) breaking above 1.1790 are increasing, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
EUR: Living with French political instability - ING
Political instability and missed fiscal targets are raising doubts about France's ability to meet EU rules and avoid further rating downgrades. The path ahead looks highly uncertain, ING's FX analyst Chris Turner notes.
When is the German ZEW survey and how could it affect EUR/USD?
The ZEW will release its German Economic Sentiment Index and the Current Situation Index at 0900 GMT in the EU session later this Tuesday, reflecting institutional investors' opinions for the next six months.
EUR/USD crawls higher as the US Dollar drifts on risk appetite
EUR/USD appreciates for the fourth consecutive day on Tuesday.
ECB's Kazaks: Reduction in rates is already very significant
In an interview with TV24 on Tuesday, European Central Bank (ECB) policymaker Martins Kazaks said that the "reduction in ECB rates is already very significant."
ECB's Villeroy: We "seriously" have to tackle France's debt problem
European Central Bank (ECB) policymaker Francois Villeroy de Galhau made some comments on the French fiscal and economic outlook on Tuesday.
EUR/USD surges toward 1.1800 ahead of economic data from Eurozone, Germany
EUR/USD extends its winning streak for the fourth consecutive session, trading around 1.1780 during the Asian hours on Tuesday.
EUR/USD climbs as Fed cut bets weigh on US Dollar
EUR/USD advanced over 0.21% on Monday as market participants shrugged off the downgrade to French's sovereign credit rating, as political turmoil remains. Nevertheless, expectations of the first rate cut in nine months of the Federal Reserve, downward pressured the US Dollar.
Forex Today: US Dollar collapses ahead of US Retail Sales, FOMC's meeting
Major central banks will host their monetary policy decisions, though the Federal Reserve (Fed) remains in center stage. Expectations of a resumption of the easing cycle pushed the US Dollar lower, along with US Treasury yields as traders brace for the release of US Retail Sales data.
EUR/USD extends gains as Fed cut bets weigh on US Dollar
The Euro (EUR) extends gains against the US Dollar (USD) for the third straight day on Monday, as the Greenback remains under pressure amid firm expectations that the Federal Reserve (Fed) will lower interest rates at its monetary policy meeting on Wednesday.
EUR/USD steady above 1.1700 despite France downgrade - BBH
EUR/USD is range-bound above 1.1700, BBH FX analysts report.
EUR extending post-ECB gains - Scotiabank
The Euro (EUR) is a mid-performer among the G10, building on last week's gains (against US Dollar (USD)) catalyzed by the decidedly neutral ECB meeting, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
ECB's Schnabel: Interest rates are in good place
European Central Bank (ECB) board member Isabel Schnabel said on Tuesday that interest rates in the Eurozone are in a good place and added that upside risks to inflation continue to dominate.
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