{"id":106844,"date":"2020-11-25T09:32:50","date_gmt":"2020-11-25T09:32:50","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=106844"},"modified":"2020-11-25T09:37:36","modified_gmt":"2020-11-25T09:37:36","slug":"104895-eur-usd-euro-pushes-over-1-19-ahead-of-us-data-drop","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/104895-eur-usd-euro-pushes-over-1-19-ahead-of-us-data-drop\/","title":{"rendered":"EUR\/USD: Euro Pushes Over $1.19 Ahead of US Data Drop"},"content":{"rendered":"<ul>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/eur-euro-live-exchange-rate\/\">Euro<\/a> (EUR) supported by vaccine optimism &amp; easing lockdown restrictions<\/strong><\/li>\n<li><strong>Yesterday\u2019s PMIs point to double dip recession<\/strong><\/li>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/usd-us-dollar-live-exchange-rate\/\">US Dollar<\/a> (USD) declines on safe haven flow<\/strong><\/li>\n<li><strong>US data drop includes GDP, durable goods, FOMC minutes<\/strong><\/li>\n<\/ul>\n<p>The Euro US Dollar (<a href=\"https:\/\/currencylive.com\/\">EUR\/USD<\/a>) exchange rate is extending gains for a second straight session on Wednesday. The pair settled +0.4% higher on Tuesday at US$1.1888, towards the upper end of the daily traded range. At 09:15 UTC, EUR\/USD trades +0.17% at US$1.1909.<\/p>\n<p>The mood in the market remains upbeat as investors remain focus on vaccine developments from earlier in the week, even though it could still be several months before any covid vaccine is widely available.<\/p>\n<p>A viable vaccine is desperately needed. This was confirmed by yesterday\u2019s European PMIs which show the region heading for a double dip recession after lockdown restrictions were reimposed in November. However, news that French President Macron is easing lockdown restrictions after claiming that the second wave has passed is keeping the mood in the market buoyant and risk assets in demand. European stock markets are heading higher reflecting the risk on mood.<\/p>\n<p>There is no high impacting Eurozone data due for release today, leaving the Euro to be driven by sentiment.<\/p>\n<p>The US Dollar is edging lower across the board on Wednesday in risk on trade and safe haven outflows. Vaccine optimism is keeping risk appetite elevated, as is improving clarity over the US political situation as the transition process continues.<\/p>\n<p>Risk sentiment has improved as outgoing President Trump\u2019s administration began cooperating with the transition to a Joe Biden Presidency. Reports that market friendly Janet Yellen could become the next US Treasury Secretary is also helping . The markets are reading this as a sign that Joe Biden could be more interested in the economic recovery than pursuing aggressive regulatory policy.<\/p>\n<p>There is a slew of US economic data which is due for release later in the session ahead of Thursday\u2019s Thanksgiving holiday. These include the minutes to the latest FOMC meeting, durable goods, jobless claims and GDP data.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Euro (EUR) supported by vaccine optimism &amp; easing lockdown restrictions Yesterday\u2019s PMIs point to double dip recession US Dollar (USD) declines on safe haven flow US data drop includes GDP, durable goods, FOMC minutes The Euro US Dollar (EUR\/USD) exchange rate is extending gains for a second straight session on Wednesday. The pair settled +0.4% [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":4766,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,1381],"tags":[],"class_list":{"0":"post-106844","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eur","8":"category-usd"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>EUR\/USD: Euro Pushes Over $1.19 Ahead of US Data Drop - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/104895-eur-usd-euro-pushes-over-1-19-ahead-of-us-data-drop\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Fiona Cincotta\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104895-eur-usd-euro-pushes-over-1-19-ahead-of-us-data-drop\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104895-eur-usd-euro-pushes-over-1-19-ahead-of-us-data-drop\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"EUR\\\/USD: Euro Pushes Over $1.19 Ahead of US Data Drop\",\"datePublished\":\"2020-11-25T09:32:50+00:00\",\"dateModified\":\"2020-11-25T09:37:36+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104895-eur-usd-euro-pushes-over-1-19-ahead-of-us-data-drop\\\/\"},\"wordCount\":353,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104895-eur-usd-euro-pushes-over-1-19-ahead-of-us-data-drop\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100587-gbp-eur-uk-service-sector-data.jpg\",\"articleSection\":[\"EUR\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104895-eur-usd-euro-pushes-over-1-19-ahead-of-us-data-drop\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104895-eur-usd-euro-pushes-over-1-19-ahead-of-us-data-drop\\\/\",\"name\":\"EUR\\\/USD: Euro Pushes Over $1.19 Ahead of US Data Drop - Currency Live\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104895-eur-usd-euro-pushes-over-1-19-ahead-of-us-data-drop\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104895-eur-usd-euro-pushes-over-1-19-ahead-of-us-data-drop\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100587-gbp-eur-uk-service-sector-data.jpg\",\"datePublished\":\"2020-11-25T09:32:50+00:00\",\"dateModified\":\"2020-11-25T09:37:36+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104895-eur-usd-euro-pushes-over-1-19-ahead-of-us-data-drop\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/currencylive.com\\\/news\\\/104895-eur-usd-euro-pushes-over-1-19-ahead-of-us-data-drop\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104895-eur-usd-euro-pushes-over-1-19-ahead-of-us-data-drop\\\/#primaryimage\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100587-gbp-eur-uk-service-sector-data.jpg\",\"contentUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100587-gbp-eur-uk-service-sector-data.jpg\",\"width\":725,\"height\":400,\"caption\":\"GBP\\\/EUR: Will US Service Sector Data Pull Pound Lower vs Euro?\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104895-eur-usd-euro-pushes-over-1-19-ahead-of-us-data-drop\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"EUR\\\/USD: Euro Pushes Over $1.19 Ahead of US Data Drop\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\",\"name\":\"Currency Live\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/currencylive.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\",\"name\":\"Fiona Cincotta\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g\",\"caption\":\"Fiona Cincotta\"},\"description\":\"Editor - Senior Financial Market Analyst Through over a decade\u2019s experience analysing and reporting on global currency markets, Fiona has a gained a deep understanding of the fundamental drivers of currencies. She is regularly quoted by international news organisations including Financial Times, Reuters and Bloomberg. Fiona is a familiar face after years of appearances on BBC, Sky News and Fox Business News.\",\"sameAs\":[\"https:\\\/\\\/www.linkedin.com\\\/in\\\/fiona-cincotta-bb4a4845\\\/\"],\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/author\\\/fiona-cincotta\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"EUR\/USD: Euro Pushes Over $1.19 Ahead of US Data Drop - Currency Live","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/currencylive.com\/news\/104895-eur-usd-euro-pushes-over-1-19-ahead-of-us-data-drop\/","twitter_misc":{"Written by":"Fiona Cincotta","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/currencylive.com\/news\/104895-eur-usd-euro-pushes-over-1-19-ahead-of-us-data-drop\/#article","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/104895-eur-usd-euro-pushes-over-1-19-ahead-of-us-data-drop\/"},"author":{"name":"Fiona Cincotta","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/8ef0fafb6c93f1204150bb907b42cfec"},"headline":"EUR\/USD: Euro Pushes Over $1.19 Ahead of US Data Drop","datePublished":"2020-11-25T09:32:50+00:00","dateModified":"2020-11-25T09:37:36+00:00","mainEntityOfPage":{"@id":"https:\/\/currencylive.com\/news\/104895-eur-usd-euro-pushes-over-1-19-ahead-of-us-data-drop\/"},"wordCount":353,"image":{"@id":"https:\/\/currencylive.com\/news\/104895-eur-usd-euro-pushes-over-1-19-ahead-of-us-data-drop\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100587-gbp-eur-uk-service-sector-data.jpg","articleSection":["EUR","USD"],"inLanguage":"en-US","copyrightYear":"2020","copyrightHolder":{"@id":"https:\/\/currencylive.com\/news\/#organization"}},{"@type":"WebPage","@id":"https:\/\/currencylive.com\/news\/104895-eur-usd-euro-pushes-over-1-19-ahead-of-us-data-drop\/","url":"https:\/\/currencylive.com\/news\/104895-eur-usd-euro-pushes-over-1-19-ahead-of-us-data-drop\/","name":"EUR\/USD: Euro Pushes Over $1.19 Ahead of US Data Drop - Currency Live","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/currencylive.com\/news\/104895-eur-usd-euro-pushes-over-1-19-ahead-of-us-data-drop\/#primaryimage"},"image":{"@id":"https:\/\/currencylive.com\/news\/104895-eur-usd-euro-pushes-over-1-19-ahead-of-us-data-drop\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100587-gbp-eur-uk-service-sector-data.jpg","datePublished":"2020-11-25T09:32:50+00:00","dateModified":"2020-11-25T09:37:36+00:00","author":{"@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/8ef0fafb6c93f1204150bb907b42cfec"},"breadcrumb":{"@id":"https:\/\/currencylive.com\/news\/104895-eur-usd-euro-pushes-over-1-19-ahead-of-us-data-drop\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/currencylive.com\/news\/104895-eur-usd-euro-pushes-over-1-19-ahead-of-us-data-drop\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/currencylive.com\/news\/104895-eur-usd-euro-pushes-over-1-19-ahead-of-us-data-drop\/#primaryimage","url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100587-gbp-eur-uk-service-sector-data.jpg","contentUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100587-gbp-eur-uk-service-sector-data.jpg","width":725,"height":400,"caption":"GBP\/EUR: Will US Service Sector Data Pull Pound Lower vs Euro?"},{"@type":"BreadcrumbList","@id":"https:\/\/currencylive.com\/news\/104895-eur-usd-euro-pushes-over-1-19-ahead-of-us-data-drop\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/currencylive.com\/news\/"},{"@type":"ListItem","position":2,"name":"EUR\/USD: Euro Pushes Over $1.19 Ahead of US Data Drop"}]},{"@type":"WebSite","@id":"https:\/\/currencylive.com\/news\/#website","url":"https:\/\/currencylive.com\/news\/","name":"Currency Live","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/currencylive.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/8ef0fafb6c93f1204150bb907b42cfec","name":"Fiona Cincotta","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g","caption":"Fiona Cincotta"},"description":"Editor - Senior Financial Market Analyst Through over a decade\u2019s experience analysing and reporting on global currency markets, Fiona has a gained a deep understanding of the fundamental drivers of currencies. She is regularly quoted by international news organisations including Financial Times, Reuters and Bloomberg. Fiona is a familiar face after years of appearances on BBC, Sky News and Fox Business News.","sameAs":["https:\/\/www.linkedin.com\/in\/fiona-cincotta-bb4a4845\/"],"url":"https:\/\/currencylive.com\/news\/author\/fiona-cincotta\/"}]}},"jetpack_featured_media_url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100587-gbp-eur-uk-service-sector-data.jpg","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/106844","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/users\/163946597"}],"replies":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/comments?post=106844"}],"version-history":[{"count":2,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/106844\/revisions"}],"predecessor-version":[{"id":106846,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/106844\/revisions\/106846"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media\/4766"}],"wp:attachment":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media?parent=106844"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/categories?post=106844"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/tags?post=106844"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}