{"id":107119,"date":"2020-12-09T09:57:15","date_gmt":"2020-12-09T09:57:15","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=107119"},"modified":"2020-12-09T09:58:54","modified_gmt":"2020-12-09T09:58:54","slug":"105103-eur-usd-euro-rises-as-safe-haven-usd-falters","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/105103-eur-usd-euro-rises-as-safe-haven-usd-falters\/","title":{"rendered":"EUR\/USD: Euro Rises As Safe Haven USD Falters"},"content":{"rendered":"<ul>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/eur-euro-live-exchange-rate\/\">Euro<\/a> (EUR) bounds higher targeting $1.2150<\/strong><\/li>\n<li><strong>German exports remain strong +0.8%, albeit weaker than forecast<\/strong><\/li>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/usd-us-dollar-live-exchange-rate\/\">US Dollar<\/a> (USD) drops on safe haven outflows<\/strong><\/li>\n<li><strong>Vaccine optimism &amp; fiscal stimulus hopes boost market mood<\/strong><\/li>\n<\/ul>\n<p>The Euro US Dollar (<a href=\"https:\/\/currencylive.com\/\">EUR\/USD<\/a>) exchange rate is bounding higher on Wednesday snapping a three-day losing streak. The pair settled -0.05% lower on Tuesday at US$1.2101 towards the low of the day. At 08:15 UTC, EUR\/USD trades +0.2% at US$1.2125, easing back from a daily high of US$1.2147.<\/p>\n<p>Data revealed that German exports inched higher in October by a less than expected 0.8% month on month after surging 2.3% in September. Solid export data could help the Eurozone\u2019s largest economy avoid a double dip recession in Q4.<\/p>\n<p>The data comes following mixed data in the previous session. On the one hand, the Eurozone third quarter GDP was downwardly revised to 12.5%. However, German ZEW forward looking economic sentiment gauge jumped sharply higher. Investors consider that the coming covid vaccine will improve the economic outlook for the Eurozone\u2019s largest economy.<\/p>\n<p>The US Dollar is edging lower as risk sentiment surges amid vaccine optimism and hopes for additional US stimulus. US equity markets hit fresh record highs in the previous session and US futures are pointing to a stronger start again today as investors buy into riskier assets such as stocks whilst selling out of the safe haven US Dollar.<\/p>\n<p>The number of covid cases in the US passed 15.1 million. However, expectations are for one if not two covid vaccines to be approved for emergency use in the coming weeks has lifted sentiment. A vaccine is the quickest way to return to pre-pandemic growth levels.<\/p>\n<p>Adding to the upbeat mood the Democrats and Republicans appear to be moving closer to agreeing additional fiscal stimulus for the US, potentially before Christmas. Treasury Secretary Steven Mnuchin has presented a fresh $916 billion relief package to House Speaker Nancy Pelosi.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Euro (EUR) bounds higher targeting $1.2150 German exports remain strong +0.8%, albeit weaker than forecast US Dollar (USD) drops on safe haven outflows Vaccine optimism &amp; fiscal stimulus hopes boost market mood The Euro US Dollar (EUR\/USD) exchange rate is bounding higher on Wednesday snapping a three-day losing streak. The pair settled -0.05% lower on [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":5082,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,1381],"tags":[],"class_list":{"0":"post-107119","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 Rises As Safe Haven USD Falters - 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\/105103-eur-usd-euro-rises-as-safe-haven-usd-falters\/\" \/>\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\\\/105103-eur-usd-euro-rises-as-safe-haven-usd-falters\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105103-eur-usd-euro-rises-as-safe-haven-usd-falters\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"EUR\\\/USD: Euro Rises As Safe Haven USD Falters\",\"datePublished\":\"2020-12-09T09:57:15+00:00\",\"dateModified\":\"2020-12-09T09:58:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105103-eur-usd-euro-rises-as-safe-haven-usd-falters\\\/\"},\"wordCount\":322,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105103-eur-usd-euro-rises-as-safe-haven-usd-falters\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100751-pound-falls-brexit-fear.jpg\",\"articleSection\":[\"EUR\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105103-eur-usd-euro-rises-as-safe-haven-usd-falters\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105103-eur-usd-euro-rises-as-safe-haven-usd-falters\\\/\",\"name\":\"EUR\\\/USD: Euro Rises As Safe Haven USD Falters - 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