EUR in the spotlight: latest news

The USD/CAD pair is currently testing the downtrend established in 2025, with the opening range for September forming just below this trend line, indicating that a breakout may be imminent. Key levels are being established on the weekly technical charts.

In my previous update on August 31st, I indicated that the most promising trades for the week would include going long on the S&P 500 Index, provided there is a daily close above 6515 in New York.

The USD/CHF currency pair is exhibiting signs of weakness as sellers re-enter the market. Attention is being drawn to the critical 0.79 level, particularly in light of ongoing global economic concerns.

A recent Bitkom study for 2024 highlights that wearables are leading the consumer technology market, valued at 2.57 billion euros. This growth is largely fueled by the integration of artificial intelligence, which is enhancing the functionality of these devices.

The 1.17000 level emerged as a significant target throughout August. Day traders are encouraged to review the one-month chart to analyze recent market movements and trends.

EUR/USD reached a new monthly high following the Non-Farm Payroll (NFP) report, fueled by growing expectations that the Federal Reserve will initiate a series of rate cuts in the coming weeks.

The EUR/USD exchange rate has risen above the 1.17000 level, driven by expectations that the U.S. Federal Reserve will likely reduce its interest rate by 25 basis points.

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Recent forecasts indicate that the Pound Sterling is expected to decline against the Euro, while its performance against the US Dollar is projected to differ.

The UK 30-year bond yield reached a 27-year high of over 5.70% earlier this week, leading to increased selling pressure on the Pound. UBS forecasts that the GBP/EUR exchange rate will be around 1.1365 by the end of 2025.

The USD/JPY pair ended the week at 147.34, fluctuating between 146.78 and 149.13. Weaker U.S. labor market data on Friday contributed to a decline in the dollar's value.

GBP/USD is currently trading at 1.3506 within a rising channel. With the Consumer Price Index (CPI), Producer Price Index (PPI), and European Central Bank (ECB) developments on the horizon, traders are watching to see if the bulls will push the currency pair above 1.36 or if the bears will pull it back toward 1.34.

The Euro to Dollar (EUR/USD) exchange rate rose to a five-week high, surpassing 1.1750 on Friday, following the release of US payroll data, which indicated only 22,000 new jobs were added in August.

The euro-dollar pair (EUR/USD) closed the week at 1.1717, recovering from earlier lows due to disappointing U.S. labor market data that fell significantly short of expectations.

Fitch Ratings has confirmed Malta's long-term foreign-currency issuer default rating (IDR) at 'A+' with a Stable Outlook. The rating reflects Malta's strengths, although it also notes a decline in government control of corruption.

Fitch Ratings has confirmed Malta's sovereign credit rating at 'A+' with a stable outlook, highlighting the country's robust growth and sound public finances while cautioning about potential challenges ahead.

In the Albanian foreign exchange market today, the dollar is being bought for 93.9 Lek and sold for 95.2 Lek. Additionally, the euro's exchange rates are also being updated.

A collaborative effort between the ICQRF territorial office of Puglia and Basilicata and the Carabinieri Forestali resulted in the seizure of around 1,500 quintals of counterfeit Primitivo PGI, with an estimated value exceeding €1.5 million.

Marvell Technology (NASDAQ: MRVL) is currently trading at $63, reflecting a 58% year-over-year revenue growth driven by AI-focused design wins. Analysts are optimistic that increasing demand from hyperscalers could elevate MRVL stock to a target of $86.

England will face Andorra this weekend in a World Cup qualifying match at Villa Park. The match holds a unique symmetry, adding to the anticipation of the fixture.

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The British Pound (GBP) is recovering from previous losses following stronger-than-anticipated retail sales in July, although its upward momentum appears to be constrained.

The UK 30-year bond yield recently reached a 27-year high, surpassing 5.70%. This spike has contributed to increased selling pressure on the British Pound. UBS forecasts that the GBP/EUR exchange rate will settle at 1.1365 by the end of 2025.

Foreign exchange strategists at Rabobank have adopted a cautious outlook for the British Pound Sterling, predicting it will decline to around 1.33 against the US Dollar. They also forecast that the Euro will reach 1.14 against the Pound.

The GBP/USD pair experienced a slight recovery after declining to four-week lows below 1.3350, rising back above 1.3400 as investor confidence briefly improved.