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Posted June 21st, 2019 by Charles Purdy

Euro strength due to weakness elsewhere

The euro had a positive day against the pound sterling and US dollar, gaining over 0.8% and 0.4% respectively. In terms of data, the German Unemployment Rate had unexpectedly fallen to a fresh low of 6.1% in May. This is positive for the EU given the labour market in the EU’s major economy is showing […]

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Posted June 21st, 2019 by Charles Purdy

Surprise strength for euro

The euro gained against the US dollar and sterling on Friday as very poor US non-farm payrolls undermined the US dollar and sterling. Volatility was muted following Thursday’s European Central Bank’s interest rate decision, which remained unchanged. Even though this was expected, there is still a focus on far more important economics events. This week, […]

Posted June 21st, 2019 by Charles Purdy

Bad news for the euro as Draghi suggests the currency needs more help

The euro suffered on Thursday after markets were “surprised” by candid statements from the European Central Bank’s (ECB) Mario Draghi, who suggested that the EU stands to collapse economically if its member states do not choose to support it with additional liquidity. He said the ECB would ultimately fail to repair the EU’s balance sheet […]

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