{"id":107814,"date":"2021-01-15T09:00:47","date_gmt":"2021-01-15T09:00:47","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=107814"},"modified":"2021-01-15T08:34:33","modified_gmt":"2021-01-15T08:34:33","slug":"105243-eur-usd-euro-extends-declines-ahead-of-us-retail-sales","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/105243-eur-usd-euro-extends-declines-ahead-of-us-retail-sales\/","title":{"rendered":"EUR\/USD: Euro Extends Declines Ahead of US Retail Sales"},"content":{"rendered":"<ul>\n<li><strong>Euro (EUR) under pressure after ECB minutes<\/strong><\/li>\n<li><strong>Germany mulling over extending lockdown restrictions<\/strong><\/li>\n<li><strong>US Dollar (USD) fell on Fed Powell, rebounded on stimulus announcement<\/strong><\/li>\n<li><strong>US retail sales in focus<\/strong><\/li>\n<\/ul>\n<p>The Euro US Dollar (<a href=\"https:\/\/currencylive.com\/\">EUR\/USD)<\/a> exchange rate is extending losses for a third straight session. The pair settled just a few pips lower in the previous session at US$1.2157 after declining to a fresh 6 week low of $1.2112. At 08:15 UTC, EUR\/USD trades -0.2%% at \u20ac1.1225.<\/p>\n<p>The minutes from the latest European Central Bank meeting revealed that policy makers were firmly behind the decision to extend and increase the central banks\u2019 policy accommodation until March 2022. The minutes also showed that policy makers were concerned over the exchange rate and the lackluster inflation levels in the block.<\/p>\n<p>Covid cases remain a concern for Euro investors. Holland announced that it will extend its lockdown measures. Germany could do the same. Germany recorded a new record number of deaths from covid and Chancellor Angela Merkel is calling for tighter restrictions, particularly given that the German economy escaped relatively unscathed.<\/p>\n<p>German GDP showed that the economy contracted a better than feared -5% in 2020 thanks to huge stimuls packages. Its worth noting that the German economy contracted -5.7% in the 2009 financial crisis.<\/p>\n<p>A decision will be taken next week over whether lockdown restrictions in the Eurozone\u2019s largest economy will be extended again.<\/p>\n<p>The US Dollar slipped lower before rebounding following comment from the Federal Reserve Chair Jerome Powell. There has been a fair amount of speculation over the past week that the Fed could look to taper its bond buying programme, particularly in light of the huge stimulus package announced by the Joe Biden administration.<\/p>\n<p>However, Fed Powell said that now was not the time to be considering the Fed\u2019s exit. His comments came shortly after initial US jobless claims shot higher to 965,000. This was the highest level in 5 months as US businesses continue to struggle under the strain of rising covid cases.<\/p>\n<p>Today attention will turn to US retail sales.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Euro (EUR) under pressure after ECB minutes Germany mulling over extending lockdown restrictions US Dollar (USD) fell on Fed Powell, rebounded on stimulus announcement US retail sales in focus The Euro US Dollar (EUR\/USD) exchange rate is extending losses for a third straight session. The pair settled just a few pips lower in the previous [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":5074,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,1381],"tags":[],"class_list":["post-107814","post","type-post","status-publish","format-standard","has-post-thumbnail","category-eur","category-usd"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>EUR\/USD: Euro Extends Declines Ahead of US Retail Sales - 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\/105243-eur-usd-euro-extends-declines-ahead-of-us-retail-sales\/\" \/>\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\\\/105243-eur-usd-euro-extends-declines-ahead-of-us-retail-sales\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105243-eur-usd-euro-extends-declines-ahead-of-us-retail-sales\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"EUR\\\/USD: Euro Extends Declines Ahead of US Retail Sales\",\"datePublished\":\"2021-01-15T09:00:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105243-eur-usd-euro-extends-declines-ahead-of-us-retail-sales\\\/\"},\"wordCount\":346,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105243-eur-usd-euro-extends-declines-ahead-of-us-retail-sales\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100747-pound-flat-vs-euro-italy-break.jpg\",\"articleSection\":[\"EUR\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2021\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105243-eur-usd-euro-extends-declines-ahead-of-us-retail-sales\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105243-eur-usd-euro-extends-declines-ahead-of-us-retail-sales\\\/\",\"name\":\"EUR\\\/USD: Euro Extends Declines Ahead of US Retail Sales - 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