Euro trims gains after upbeat U.S. consumer confidence data

Economies.com
2017-02-24 16:49PM UTC

Euro trimmed its gains on Friday after strong U.S. consumer confidence data that buoyed the dollar and pushed the euro back to the opening.
 
EUR/USD last traded at 1.0584, compared to the opening of 1.0585, with a session-high at 1.0619, and a low at 1.0566.
 
The University of Michigan's consumer confidence survey rose to 96.3 in February from 95.7, besting expectations of 96.1.

Strong consumer confidence data from American underpinned the greenback anew against a basket of rivals after hitting a one-week high, which led the euro down and restored interest in the dollar.
 
The euro is on track for a weekly loss but wavering remains dominant over the common currency as the dollar changes in one hand, while political tensions in the Eurozone mount on the other.

Forex and Currency News

Forex News

Forex

Dollar loses ground as markets focus on corporate earnings
2024-04-29 18:46PM UTC
Dollar declined against most major rivals on Monday as markets focus on corporate earnings and the ...
Forex News

Forex

Dollar under pressure from US yields and Japanese authorities
2024-04-29 11:17AM UTC
Dollar fell in European trade on Monday against a basket of major rivals, resuming gains after a ...
EUR/USD news

Forex

Euro hovers near two-week high despite bearish outlook
2024-04-29 07:40AM UTC
Euro rose in European trade on Monday against a basket of major rivals, resuming gains against the ...

Forex Technical Analysis

USD CHF Analysis

Forex

The USDCHF price under the negative pressure – Forecast today - 30-04-2024
2024-04-30 04:05AM UTC
USDCHF Price Analysis The USDCHF price broke the bullish channel’s support line yesterday ...
NZD USD Analysis

Forex

The NZDUSD price loses momentum – Forecast today - 30-04-2024
2024-04-30 04:05AM UTC
NZDUSD Price Analysis The NZDUSD price started today negatively after losing positive momentum, ...
AUD USD Analysis

Forex

The AUDUSD price faces solid resistance – Forecast today - 30-04-2024
2024-04-30 04:05AM UTC
AUDUSD Price Analysis The AUDUSD price faced difficulty in surpassing the 0.6570$ level, starting ...