It was another crazy week for the single currency, which ended in the black week on week against its main rivals. The largest gain — around 1.58% — was made against the US dollar, while the month-on-month increase reached as high as 3%.
Crazy week for the euro
The European single currency experienced a strong surge against its major counterparts last week, fuelled by the stock markets’ impressive performance. This may be explained, on the one hand, by a decrease in risk aversion, as well as traders’ positive perception of economic dynamics in the eurozone...
Volatility remains low with the summer in swing
When it comes to market volatility, summer is often synonymous with a certain degree of calm. If we look at the main currency pairs over the last five sessions, we notice that the fluctuation range has remained very low. Around 100 points for the euro versus the US dollar (EUR/USD), to be precise, w...
Despite bearish indicators, the currency market remains defiant
The contrast couldn’t be more striking. Though negative indicators on both the economic and public health fronts continue to pile up, the currency market is experiencing limited volatility, with the euro even showing a slight increase against its main rivals last week (up 20% against the US dollar, ...
Losing streak for the euro
The euro has experienced some ill fortune as of late, losing ground to its main rivals last week, with the notable exception of the pound sterling. The single currency’s fall reflects the return of risk aversion on the foreign exchange market resulting from a combination of health crisis woes, geopo...
The European Central Bank in the crosshairs
Last week, the euro crossed the symbolic threshold of 1.10 dollars per euro. While there had been several brushes with this milestone threshold recently, it had not yet been lastingly crossed. The happy surprise of the European Commission’s recovery plan (worth an unexpectedly large 750 billion euro...
