Euro on track for weekly profit despite today's wavering

Economies.com
2017-01-20 16:05PM UTC

Euro wavered today but headed for the fifth weekly profit in a row nonetheless, amid a lack of data today, while markets await Donald Trump's inauguration speech after getting sworn in.
 
EUR/USD last traded at 1.0675, compared to the opening of 1.0661, with a session-high at 1.0695, and a low at 1.0626.
 
Euro managed to rise this week to a six-week high against the dollar after the greenback fell following Trump's statement considering the dollar "overpriced", while Fed Chair Yellen talked about a gradual but slow policy tightening.
 
The European Central Bank kept interest rates unchanged yesterday, while asserting the bank's readiness to intervene in the markets if needed, and reaffirming its expectations of the same record low rates for a longer period of time.
 
Euro is generally moving in sideways today as markets await Trump's inauguration speech, causing thin trading in the markets, specially with a lack of data from the U.S. and the Eurozone.

Forex and Currency News

EUR/USD news

Forex

Euro declines to five-week trough amid thin trading
2024-03-29 08:19AM UTC
Euro Decline Amid Holiday Thin Trading Euro declined in European trade on Friday against a basket ...
Forex News

Forex

Dollar hits six-week high ahead of US growth data
2024-03-28 11:38AM UTC
US Dollar's Rise in European Trade The US dollar rose in European trade on Thursday against a ...
EUR/USD news

Forex

Euro sharpens decline to five-week trough on the interest rate gap
2024-03-28 08:30AM UTC
Euro declined in European trade on Thursday against a basket of major rivals, sharpening losses for ...

Forex Technical Analysis

Technical Analysis

Forex

The NZDCAD moves to the bearish track – Forecast today – 29-3-2024
2024-03-29 06:18AM UTC
NZDCAD Pair Forecast for Today - 29-3-2024 The NZDCAD pair surrendered to the negative ...
EUR JPY Analysis

Forex

The EURJPY declines below the support – Forecast today – 29-3-2024
2024-03-29 06:13AM UTC
EURJPY Pair Forecast for Today - 29-3-2024 The EURJPY pair surrendered to the negative ...
GBP JPY Analysis

Forex

The GBPJPY has to decline – Forecast today – 29-3-2024
2024-03-29 06:12AM UTC
GBPJPY Pair Forecast for Today - 29-3-2024 The GBPJPY pair still confined with many negative ...