EURUSD falls to its lowest level in two weeks
Last Updated on May 5, 2021
EURUSD Forecast – March 4th 2021
EURUSD witnessed a decline in the morning of trading today, Tuesday, in the European session, heading towards recording the first daily decline, as it reached its lowest level in two weeks, these losses come in light of the weak risk appetite of investors and their focus on buying the US dollar as the best forex investment alternative for now, in the wake of a surge in US 10-year Treasury yields.
The EURUSD pair traded at $ 1.998, the lowest in two weeks, down by more than 0.5% from today’s opening session at $ 1.2064.
At the close of trading on Monday, EURUSD achieved a rise by about 0.4%, in light of the high-risk appetite of investors and their appetite for buying high-risk currencies, in addition to the decline in US Treasury bonds yields in light of the weak data issued by the performance of the manufacturing sector of the states United.
Today’s 10-year US Treasury yields witnessed an increase, exceeding 1%, rebounding from its lowest level in a week recorded yesterday, following the release of weak US data, which reduced investors’ risk appetite.
EURUSD declines on the focus of the economic data
The US dollar achieved a rise against a basket of major currencies, recording its highest level in two weeks, as the focus is on buying the US currency as the best safe and alternative investment, and the shrinking activity in the manufacturing sector in the United States made investors confused about the pace of the US economic recovery, which gave a boost to the US dollar.
The dollar index traded at 91.125 points, after rising by 0.22%, and reached its highest level in two weeks at 91.39 points.
Yesterday, the US Supply Institute released the Manufacturing PMI reading, which showed a decrease from the expected reading of 60.7 points in April.
- EURUSD falls before the results of the European Central Bank meeting - March 10, 2022
- Gold prices hit their highest level in a year - February 24, 2022
- Gold prices fell after hitting the highest level of 1900 dollars an ounce - February 18, 2022
EURUSD falls before the results of the European Central Bank meeting
EURUSD witnessed a decline in the morning of Thursday's trading in the European market after…
Gold prices hit their highest level in a year
Gold prices jumped more than 2% during today's session in the European market, in the…
Gold prices fell after hitting the highest level of 1900 dollars an ounce
Gold prices fell during today’s session in the European market, after yesterday recording a record…
EURUSD moves away from three-week highs after US inflation data
EURUSD fell on Friday morning in the European market, and recorded its first daily loss,…
EURUSD continues to climb to the highest level in three weeks
EURUSD continued to achieve gains on Friday morning in the European market, and recorded the…
Gold prices drop with the continuous rise of the US dollar
Gold prices fell during the trading session today in the European market, to deepen their…