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Euro to US Dollar (EUR/USD) Exchange Rate Pushes Higher as Jobless Claims Disappoint | Euro Exchange Rate News


At the time of writing the pair are currently trading at around $1.2083.
Euro (EUR) Supported by US Dollar (USD) Weakness
The Euro has been supported today as its negative correlation with the US Dollar (USD) pushes the single currency higher.
A fall in US Treasury yields has resulted in the US Dollar weakening this morning, allowing the Euro to push further and gain on the back of the negative correlation.
However the Euro’s gains have been limited today following the preliminary Eurozone consumer confidence for February.
Although gaining on the previous month by 0.7 points and beating forecast of -15, the indicator remains deep in contraction. ....

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