Skip to main content

EUR/USD News (Euro US Dollar)


Title

Schadenfreude – the German word for being joyful from the misery of others – is what EUR/USD is experiencing. The US dollar is on the back foot due to a mix of factors, and the common currency is rising – despite having its own issues. EUR/USD has reached a high of 1.1086, over 400 pips above the multi-year lows recorded this week.

The greenback's main downside driver is the Federal Reserve's open-ended Quantitative Easing program announced on Monday. Jerome Powell, Chairman of the Fed, reiterated his commitment to the economy in a rare television interview and added that "we will not run out of ammunition."

The bank's unlimited checkbook is pushing stocks higher – rising on Thursday for the third consecutive day – and weighing on the safe-haven dollar. 

The second ongoing factor boosting equities and taking its toll on America's currency comes from the progress of the Senate's $2 trillion bill. The House will begin debating it today and will likely pass it late in the day. 

Another reason to sell the dollar in normal days – but that is far from cheerful for markets is the surge in US Unemployment Claims. These have surged to 3.283 million – an increase of 1,053% in one week – and the highest on record. Estimates ranged between 800,000 to four million, and perhaps investors were ready to absorb any number. 

While the increase may be temporary, the longer the crisis lasts, the more permanent these job losses become. President Donald Trump reiterated his desire to reopen the economy as soon as possible, yet the number of coronavirus cases continues surging. The US is now No. 1 in the number of infections with over 85,000. New York remains the hotspot.

See:

S&P futures are down early on Friday, indicating a potential end to three-day rally and perhaps a recovery fro the dollar. 

Troubles in the old continent

The old continent is struggling as well, with hospitals in Spain and Italy overwhelmed by the flooding of patients. While both countries have reported fewer deaths on Thursday, the curve may be flattening but remains far from being depressed. 

Moreover, EU leaders have failed to agree on a unified economic response. Germany remains opposed to issuing common bonds – dubbed "corona-bonds" while demands are rising from France, Italy, and Spain. A delay in the response may weigh on the euro

On the other hand, monetary stimulus is in full swing. The European Central Bank has abandoned its self-imposed limits on buying bonds and is ready to provide further assistance to governments via the Outright Monetary Transmissions (OMT) program from 2012, the peak of the euro debt crisis.

ECB President Christine Lagarde – who is in self-isolation after coming in contact with a Covid-19 infected person – is supportive of common bonds. The bank's bond-buying activities on Thursday sent bond yields down – especially of bonds of peripheral countries. 

Coronavirus cases from Spain are due out in the European morning, while figures from New York and from Italy come out later in the day. The disease has already taken the lives of over 24,000 people and infected over 532,000.

Apart from health headlines, the final US Consumer Sentiment figures from the University of Michigan for March will likely show another drop in sentiment. 

See Consumer Sentiment Preview: Outlook equals consumption

EUR/USD

Overview
Today last price Number
Today Daily Change Number
Today Daily Change % Number
Today Daily Open Number
Trends
Daily SMA20 Number
Daily SMA50 Number
Daily SMA100 Number
Daily SMA200 Number
Levels
Previous Daily High Number
Previous Daily Low Number
Previous Weekly High Number
Previous Weekly Low Number
Previous Monthly High Number
Previous Monthly Low Number
Daily Fibonacci 38.2% Number
Daily Fibonacci 61.8% Number
Daily Pivot Point S1 Number
Daily Pivot Point S2 Number
Daily Pivot Point S3 Number
Daily Pivot Point R1 Number
Daily Pivot Point R2 Number
Daily Pivot Point R3 Number


EUR/USD recaptures 1.10 as dollar suffers a fresh sell-off

EUR/USD is trading above 1.10, recapturing the level as the dollar retreats. After a three-day rally, stocks are cooling but the safe-haven dollar is still under pressure. Coronavirus headlines are eyed. 

EUR/USD News

EUR/USD recaptures 1.10 as dollar suffers a fresh sell-off

EUR/USD is trading above 1.10, recapturing the level as the dollar retreats. After a three-day rally, stocks are cooling but the safe-haven dollar is still under pressure. Coronavirus headlines are eyed. 

EUR/USD News

EUR/USD recaptures 1.10 as dollar suffers a fresh sell-off

EUR/USD is trading above 1.10, recapturing the level as the dollar retreats. After a three-day rally, stocks are cooling but the safe-haven dollar is still under pressure. Coronavirus headlines are eyed. 

EUR/USD News

Sponsor broker



Cryptocurrencies: Bulls honing their antlers for an upward attempt ahead

The sense of extreme fear is divergent with the levels of the mathematical averages. Bitcoin dominance ratio moves at a structural pivot level and can lead to a trend change. XRP is the winner of the day, but far away from fleeing out of the bearish scenario.

Read more


EUR/USD PRICE SENTIMENT

In deep coverage

EUR/USD recaptures 1.10 as dollar suffers a fresh sell-off

EUR/USD is trading above 1.10, recapturing the level as the dollar retreats. After a three-day rally, stocks are cooling but the safe-haven dollar is still under pressure. Coronavirus headlines are eyed. 

EUR/USD News

EUR/USD recaptures 1.10 as dollar suffers a fresh sell-off

EUR/USD is trading above 1.10, recapturing the level as the dollar retreats. After a three-day rally, stocks are cooling but the safe-haven dollar is still under pressure. Coronavirus headlines are eyed. 

EUR/USD News

EUR/USD recaptures 1.10 as dollar suffers a fresh sell-off

EUR/USD is trading above 1.10, recapturing the level as the dollar retreats. After a three-day rally, stocks are cooling but the safe-haven dollar is still under pressure. Coronavirus headlines are eyed. 

EUR/USD News

EUR/USD recaptures 1.10 as dollar suffers a fresh sell-off

EUR/USD is trading above 1.10, recapturing the level as the dollar retreats. After a three-day rally, stocks are cooling but the safe-haven dollar is still under pressure. Coronavirus headlines are eyed. 

EUR/USD News

EUR/USD recaptures 1.10 as dollar suffers a fresh sell-off

EUR/USD is trading above 1.10, recapturing the level as the dollar retreats. After a three-day rally, stocks are cooling but the safe-haven dollar is still under pressure. Coronavirus headlines are eyed. 

EUR/USD News

EUR/USD recaptures 1.10 as dollar suffers a fresh sell-off

EUR/USD is trading above 1.10, recapturing the level as the dollar retreats. After a three-day rally, stocks are cooling but the safe-haven dollar is still under pressure. Coronavirus headlines are eyed. 

EUR/USD News

Preferred brokers in your location