EUR in the spotlight: latest news

The EUR/USD pair is currently trading at 1.1696, facing resistance at 1.1720 and support at 1.1560. Expectations of a Federal Reserve interest rate cut, along with U.S. economic data and European Central Bank policy, are influencing the outlook for the euro against the dollar.

The forex market is poised for an active September, with the potential for significant breakouts across various currency pairs.

The US dollar has fallen below its 50-day moving average as the core Personal Consumption Expenditures (PCE) index reached 2.9%, leading to an 87% likelihood of a Federal Reserve rate cut. Market participants are closely monitoring the Fed's actions and political pressures that may influence future decisions.

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French spirits producer Remy Cointreau has increased its annual profit forecast, citing the resolution of US tariffs as a contributing factor.

On Thursday, European wheat prices on Euronext in Paris dropped significantly, with the most actively traded futures contract settling at a multi-month low due to forecasts of abundant supply.

The NOAA's Weather Prediction Center has issued a marginal risk of 5% for flash flooding this weekend.

EUR/USD has experienced a significant technical rebound today, prompting attention to key levels to monitor moving forward.

Strategist Kit Juckes from Société Générale predicts that the EUR/USD exchange rate could potentially decline to 1.14 amid renewed market focus on political uncertainty in France.

French consumer prices increased by 0.8% in August, according to preliminary data from the statistics agency INSEE, which was slightly below expectations.

The EUR/CHF currency pair is experiencing an upward trend on Friday, but the momentum is slowing after reaching its peak for the day. Despite this, the pair remains on track for its second consecutive day of gains.

The EUR/USD outlook indicates that the euro is strengthening following a European Central Bank survey that showed stable consumer inflation expectations.

Annual inflation in the United States, as indicated by the Personal Consumption Expenditures (PCE) Price Index, remained stable at 2.6% in July. Analysts anticipate that core PCE inflation will accelerate, keeping the Federal Reserve's policy outlook under close scrutiny.

Following a gain of approximately 0.4% on Thursday, EUR/USD appears to be consolidating above the 1.1650 level during the European session on Friday.

The US Dollar started the week by recovering some of the losses attributed to Federal Reserve Chair Jerome Powell's statements, amid declining optimism and new concerns.

The US Dollar remains stable around the 98 mark as traders anticipate the July PCE data. Positive GDP results and indications of a Federal Reserve interest rate cut are influencing the outlook for GBP/USD and EUR/USD currency pairs.

The Euro to Dollar (EUR/USD) exchange rate is currently drawing attention, trading at 1.1696 and remaining just below the 1.17 mark.

The US dollar is showing signs of recovery in early Friday trading, pushing back against prevailing negativity, even as expectations remain that the Federal Reserve will lower interest rates.

The Euro to Dollar exchange rate (EUR/USD) closed August at 1.1696, approaching the significant 1.17 mark and positioning itself at the upper limit of its monthly range.

The euro is showing a strong upward trend on the EUR/USD weekly chart, bolstered by growing bullish sentiment in the futures market among major investors.

The GBP/NZD exchange rate has softened as market participants exhibit an increased appetite for risk.

The EUR/JPY exchange rate has shown a decline in momentum, hovering around 171.25 during the early European session on Thursday. The Euro has weakened against the Japanese Yen, with market participants closely monitoring developments in French politics.

Delivery Hero has revised its profit forecast for the current fiscal year, citing adverse currency impacts as a significant factor. The food delivery service made this announcement following its latest financial assessment.

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