{"id":11508,"date":"2019-10-15T04:00:50","date_gmt":"2019-10-15T08:00:50","guid":{"rendered":"https:\/\/currencylive.com\/?p=11508"},"modified":"2019-10-15T03:49:39","modified_gmt":"2019-10-15T07:49:39","slug":"101247-eur-usd-euro-looks-vulnerable-ahead-of-sentiment-data","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/101247-eur-usd-euro-looks-vulnerable-ahead-of-sentiment-data\/","title":{"rendered":"EUR\/USD: Euro Looks Vulnerable Ahead Of Sentiment Data"},"content":{"rendered":"

The euro was well matched versus the US dollar in the previous session. The euro US dollar exchange rate concluded Monday at US$1.1027, the same level that it had started at. The pair is slipping lower in early trade on Tuesday.<\/p>\n

The euro was traded broadly flat versus its peers on Monday as investors mulled over the implications of the US \u2014 China agreement reached last week, eurozone industrial production data and looked ahead to today\u2019s sentiment data.<\/p>\n

Investors digested a mixed industrial production data report. Industrial production increased 0.4% month on month in August, ahead of the 0.3% analysts had predicted. However, on an annual basis production fell -2.8%. This was worse than the -2.5% forecast and marked the 10th<\/sup> consecutive month that industrial production, on an annual comparative basis, had fallen. The data fuelled concerns over the outlook of the eurozone economy and prompted further speculation that the eurozone was tipping into recession.<\/p>\n

 <\/p>\n\n\n\n\n
Why does poor economic data drag on a country\u2019s currency?<\/strong><\/td>\n<\/tr>\n
Slowing economic indicators point to a slowing economy. Weak economies have weaker currencies because institutions look to reduce investments in countries where growth prospects are low and then transfer money to countries with higher growth prospects. These institutions sell out of their investment and the local currency, thus increasing supply of the currency and pushing down the money\u2019s worth. So, when a country or region has poor economic news, the value of the currency tends to fall.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

Investors will now focus on today\u2019s ZEW economic sentiment reading. The euro could remain vulnerable around the release. Economic sentiment has been falling across recent months as the economic slowdown takes hold. September saw a small rebound in sentiment; however, analysts believe that was an anomaly rather than the start of a new trend.<\/p>\n

Dollar Lifts As Geopolitics In Focus<\/strong><\/h3>\n

The mood towards the dollar improved on Monday as investors fretted over the outlook of the global economy. Investors re-evaluated the pact between the US and China agreed last week and viewed it to be little more than a truce, rather than a meaningful trade deal. Meanwhile weak trade data from China served as a reminder of the damage the ongoing trade dispute was having on the world\u2019s second largest economy. As fears increased, investors look towards the US dollar for its safe haven status.<\/p>\n

Increased geopolitical tensions between US and Turkey are boosting demand for safe havens on Tuesday. US President Trump saying that he is ready \u201cto destroy the Turkish economy\u201d unnerved investors. Trump also announced sanctions on Turkey, after it advanced into Syria, days after he pulled US troops from the area.<\/p>\n

With no US economic data to focus on, investors will continue watching geopolitical developments \u00a0closely.<\/p>\n

 <\/p>\n\n\n\n\n
What do these figures mean?<\/strong><\/td>\n<\/tr>\n
When measuring the value of a pair of currencies, one set equals 1 unit and the other shows the current equivalent. As the market moves, the amount will vary from minute to minute.<\/p>\n

For example, it could be written:<\/p>\n

1 EUR = 1.12829 USD<\/em><\/p>\n

Here, \u20ac1 is equivalent to approximately $1.13. This specifically measures the euro\u2019s worth against the dollar. If the U.S. dollar amount increases in this pairing, it\u2019s positive for the euro.<\/p>\n

Or, if you were looking at it the other way around:<\/p>\n

1 USD = 0.88789 EUR<\/em><\/p>\n

In this example, $1 is equivalent to approximately \u20ac0.89. This measures the U.S. dollar\u2019s worth versus the euro. If the euro number gets larger, it\u2019s good news for the dollar.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

This publication is provided as general information only and is not intended as an exhaustive treatment of its subject. TransferWise Inc. and its affiliates (“we” or “us”) expressly disclaim any contractual or fiduciary relationship with you on the basis of the content of this publication, and you may not rely thereon for any purpose. You should consult with qualified professionals or specialists before taking, or refraining from, any action on the basis of the content in this publication. The information in this publication does not constitute legal, tax, investment or other professional advice from us.\u00a0 We make no representations, warranties or guarantees, whether express or implied, that the content in the publication is accurate, complete or up to date, and DISCLAIM ANY IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE.<\/em><\/h6>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

The euro was well matched versus the US dollar in the previous session. The euro US dollar exchange rate concluded Monday at US$1.1027, the same level that it had started at. The pair is slipping lower in early trade on Tuesday. The euro was traded broadly flat versus its peers on Monday as investors mulled […]<\/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":[1395,1393,1525,1414,1638,1431,1400,1637,1397,1398,1527],"class_list":{"0":"post-11508","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-euro","11":"tag-industrial-production","12":"tag-recession","13":"tag-sanctions","14":"tag-trade-war","15":"tag-trump","16":"tag-turkey","17":"tag-us-dollar","18":"tag-usd","19":"tag-zew-sentiment"},"acf":[],"yoast_head":"\nEUR\/USD: Euro Looks Vulnerable Ahead Of Sentiment Data - 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\/101247-eur-usd-euro-looks-vulnerable-ahead-of-sentiment-data\/\" \/>\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=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101247-eur-usd-euro-looks-vulnerable-ahead-of-sentiment-data\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101247-eur-usd-euro-looks-vulnerable-ahead-of-sentiment-data\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"EUR\\\/USD: Euro Looks Vulnerable Ahead Of Sentiment Data\",\"datePublished\":\"2019-10-15T08:00:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101247-eur-usd-euro-looks-vulnerable-ahead-of-sentiment-data\\\/\"},\"wordCount\":720,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101247-eur-usd-euro-looks-vulnerable-ahead-of-sentiment-data\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100810-gbp-eur-uk-parliament-vote.jpg\",\"keywords\":[\"eur\",\"euro\",\"industrial production\",\"recession\",\"sanctions\",\"trade war\",\"trump\",\"turkey\",\"us dollar\",\"usd\",\"zew sentiment\"],\"articleSection\":[\"EUR\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2019\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101247-eur-usd-euro-looks-vulnerable-ahead-of-sentiment-data\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101247-eur-usd-euro-looks-vulnerable-ahead-of-sentiment-data\\\/\",\"name\":\"EUR\\\/USD: Euro Looks Vulnerable Ahead Of Sentiment Data - 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