EUR/USD drops amid robust US data

The EUR/USD declined on Oct. 16, as market participants responded to robust U.S. economic data.

EUR/USD declines in early trade

The currency pair fell to as low as 1.2706 early in the session, according to

This change in direction happened after the greenback dropped on the previous day, amid a decrease in retail sales that was stronger than expected, Bloomberg reported. This news helped the dollar reach $1.2807 relative to the common currency.  Read more

EUR/USD Hits 14 Month Low…

The EUR/USD dropped to its lowest in 14 months on Sept. 24, 2014.

EUR/USD moves lower
The currency pair fell to 1.2774, its lowest since July 2013, before recovering somewhat to reach 1.2780 at 5 p.m. New York time, according to Bloomberg.

One piece of economic news that coincided with this decline was a report on German business confidence, which showed this sentiment dropped in September. During the month, the Ifo Business Climate Index for industry and trade reached 104.7, its lowest since April 2013, down from 106.3 in August. September was the fifth consecutive month where this index moved lower in value. Read more

EUR/USD Falls to 11-Month Low

The EUR/USD dropped to its lowest level in 11 months on Aug. 26, as global investors continued to speculate about the European Central Bank’s future stimulus after the latest comments from president Mario Draghi.

At the Federal Reserve’s annual meeting in Jackson Hole, Wyoming, Draghi said that investor wagers involving inflation in the euro zone “exhibited significant declines at all horizons” in August, Bloomberg reported. He emphasized in a speech that ECB officials “will use all the available instruments needed to ensure price stability over the medium term.” Read more

EUR/USD Gains after US Jobs Report

The EUR/USD rose on Aug. 1, as market participants involved in forex trading received the latest U.S. jobs figures.

Labor data and Fed speculation

The July jobs data – which fell short of expectations – may have impacted speculation surrounding the future of Federal Reserve stimulus. Many market participants have been scrutinizing the statements of central bank officials to get a better sense of what timeline the financial institution will use to taper bond purchases and raise benchmark interest rates. Read more

EUR/USD Inches Higher As Both Currencies Enjoy Gains

The EUR/USD inched up slightly on July 24, as the release of robust economic data in the U.S. and the European Union coincided with both currencies climbing higher.

During the day, the currency pair fell to 1.3438, its lowest since Nov. 21, according to Bloomberg News. The EUR/USD recovered to $1.3467 by 2:33 p.m. in New York. The U.S. dollar rose against many currencies, reaching a one-month high against a basket of peers, and the euro gained versus the yen. Read more