{"id":107705,"date":"2021-01-11T09:30:17","date_gmt":"2021-01-11T09:30:17","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=107705"},"modified":"2021-01-11T09:30:17","modified_gmt":"2021-01-11T09:30:17","slug":"105207-eur-usd-euro-declines-to-3-week-low","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/105207-eur-usd-euro-declines-to-3-week-low\/","title":{"rendered":"EUR\/USD: Euro Declines To 3 Week Low"},"content":{"rendered":"<ul>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/eur-euro-live-exchange-rate\/\">Euro<\/a> (EUR) extends losses for 3<sup>rd<\/sup> session<\/strong><\/li>\n<li><strong>EZ unemployment ticks higher but offers little support<\/strong><\/li>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/usd-us-dollar-live-exchange-rate\/\">US Dollar<\/a> (USD) rises with treasury yields<\/strong><\/li>\n<li><strong>Weak NFP report boosts expectations of more fiscal stimulus<\/strong><\/li>\n<\/ul>\n<p>The Euro US Dollar exchange rate (<a href=\"https:\/\/currencylive.com\/\">EUR\/USD<\/a>) exchange rate is extending losses for a third straight day on Monday. The pair closed the previous week approximately flat after gaming ground across the earlier part of the week and declining in the latter part. The pair settled on Friday at US $1.2218. At 09:15 UTC, EUR\/USD trades -0.3% at US$1.2182.<\/p>\n<p>The Euro struggled to find buyers at the end of last week, despite an improvement in the headline unemployment figure. Data revealed that the unemployment rate ticked lower to 8.3% in November, down from 8.4%. However, digging deeper into the numbers, unemployment in the young shot concerningly higher.<\/p>\n<p>This week sees a quiet start on the economic calendar with no major releases expected on Monday. This means that the Euro is likely to be driven by sentiment.<\/p>\n<p>Looking ahead across the week, industrial production data for the bloc is due on Wednesday and Germany\u2019s GDP on Thursday. Covid cases and vaccine news will also be closely monitored.<\/p>\n<p>The US Dollar pushed higher at the end of last week after US non-farm payroll report missed expectations by a wide margin boosting expectations of additional fiscal stimulus from Joe Biden and his Democratic government.<\/p>\n<p>The closely watched report from the US Labour department revealed that -140,000 posts were lost in December, against the 71,000 job gains that analysts were expecting. This was the first decline in jobs since April. The unemployment rate remained unchanged at 6.7%, below the 6.8% forecast.<\/p>\n<p>The US Dollar Index which measures the greenback versus i6 major peers now trades around 1% higher than the almost three year low hit last week.<\/p>\n<p>After prolonged weakness investors are now starting to price in economic recovery spurring inflation on the black of trillions in extra covid relief spending from Joe Biden.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Euro (EUR) extends losses for 3rd session EZ unemployment ticks higher but offers little support US Dollar (USD) rises with treasury yields Weak NFP report boosts expectations of more fiscal stimulus The Euro US Dollar exchange rate (EUR\/USD) exchange rate is extending losses for a third straight day on Monday. The pair closed the previous [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":5190,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,1381],"tags":[1395,2412,1398],"class_list":{"0":"post-107705","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eur","8":"category-usd","9":"tag-eur","10":"tag-eur-usd","11":"tag-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 Declines To 3 Week Low - 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\/105207-eur-usd-euro-declines-to-3-week-low\/\" \/>\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\\\/105207-eur-usd-euro-declines-to-3-week-low\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105207-eur-usd-euro-declines-to-3-week-low\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"EUR\\\/USD: Euro Declines To 3 Week Low\",\"datePublished\":\"2021-01-11T09:30:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105207-eur-usd-euro-declines-to-3-week-low\\\/\"},\"wordCount\":335,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105207-eur-usd-euro-declines-to-3-week-low\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100810-gbp-eur-uk-parliament-vote.jpg\",\"keywords\":[\"eur\",\"eur\\\/usd\",\"usd\"],\"articleSection\":[\"EUR\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2021\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105207-eur-usd-euro-declines-to-3-week-low\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105207-eur-usd-euro-declines-to-3-week-low\\\/\",\"name\":\"EUR\\\/USD: Euro Declines To 3 Week Low - 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