EUR in the spotlight: latest news

The EUR/USD forecast is cautiously bearish as attention shifts to upcoming events, including Federal Reserve Chair Jerome Powell's testimony, US Consumer Price Index data, and important corporate earnings reports scheduled for this week.

The EUR/USD pair is approaching the 1.1600 mark due to rising global bond yields, which are putting pressure on the euro. The market exhibits a downtrend bias, with significant support identified at 1.1570 and resistance located around 1.1770.

The EUR/USD pair faced significant bearish pressure, declining over 0.5% on Tuesday. After nearing the 1.1600 mark, the pair managed to find some support but continues to appear vulnerable in the current market conditions.

The Pound to Euro (GBP/EUR) remained steady within a tight range on Wednesday, even with the release of stronger-than-anticipated economic data from the UK.

The forecast for the Pound-to-Euro exchange rate indicates that the British Pound remains strong, while the European Central Bank is exercising caution. Additionally, the performance of the US Dollar is influencing the Euro's value.

After a decline on Tuesday, the EUR/USD pair is attempting to recover as investors anticipate the release of crucial US economic data this week. The foreign exchange market remains focused on these upcoming developments.

The EUR/USD pair is currently trading around 1.1650, following disappointing US JOLTS data and Eurozone PMI figures. While expectations of a Federal Reserve interest rate cut have strengthened the euro, concerns about debt and rising bond yields are limiting its upward movement, capping resistance near 1.1730.

The EUR/USD currency pair has declined towards the support level of 1.16, facing resistance around 1.1750 to 1.18. Traders are closely monitoring the upcoming US jobs report and the Federal Reserve's decision on interest rates for September.

The Euro strengthened on Wednesday, recovering against the US Dollar as the EUR/USD exchange rate approached the 1.1680 level.

The Pound Sterling remained stable against the US Dollar on Wednesday, supported by a robust UK services sector. Meanwhile, the US Dollar experienced a setback due to a weaker JOLTS report, which reduced its upward momentum.

The US dollar weakened on Wednesday, experiencing a slight decline in strength as trading remains largely stagnant.

The outlook for the Euro to Dollar exchange rate improved on Wednesday as the EUR/USD surged past 1.1650, following a decline in US job openings.

The British Pound has been affected by renewed concerns regarding the UK's fiscal situation. As a result, gilt values have decreased while yields have increased, potentially attracting investors.

Traders are increasing their long positions in the Japanese yen, which is causing the USD/JPY pair to decline. Meanwhile, both GBP/JPY and EUR/JPY are displaying bullish continuation signals.

The EUR/USD exchange rate has retreated from its August high of 1.1743, reaching a new weekly low of 1.1613. This decline highlights the ongoing weakness in the currency pair.

European Central Bank Governing Council member Francois Villeroy de Galhau stated that inflation in the Eurozone is well managed and that economic growth is proceeding as expected.

The British pound has fallen sharply against the euro due to rising borrowing costs in the UK. This decline has raised concerns among investors about the economic outlook.

The EUR/USD pair experienced a significant decline on Tuesday, facing intense selling pressure during European trading hours due to the strengthening of the US Dollar.

The outlook for the Pound Sterling against the Dollar and Euro has worsened significantly, resulting in the currency hitting multi-week lows due to rising concerns over UK debt.

After a positive start on Monday, the EUR/USD currency pair shifted to a downward trend during the European session on Tuesday, falling below the 1.1650 mark. The pair's short-term technical indicators suggest a bearish outlook.

EUR/USD is currently trading around 1.1715, following significant gains in August. Traders are monitoring key levels at 1.1680 and 1.1775 as they anticipate upcoming EU inflation data and the US ISM PMI report.

RBC Capital Markets predicts that the British pound will exhibit short-term resilience, with projections indicating that GBP/USD and GBP/EUR will remain stable before gradually increasing.

The EUR/USD pair has declined in anticipation of upcoming inflation data, while the USD/JPY has risen to 148.50 due to a recovery in the US dollar. Traders are now focusing on the forthcoming US ISM Manufacturing data.

The Pound-to-Euro exchange rate has declined as new economic data from the Eurozone is expected to be released.

Inflation data may attract attention, but the primary factors influencing the EUR/USD exchange rate are U.S. politics, interest rates, and the labor market. These elements currently take precedence over euro inflation concerns.