{"id":3543,"date":"2017-05-08T00:00:00","date_gmt":"2017-05-08T04:00:00","guid":{"rendered":"https:\/\/currencylive.com\/100007-usd-eur-losing-momentum\/"},"modified":"2024-12-10T12:48:37","modified_gmt":"2024-12-10T12:48:37","slug":"100007-usd-eur-losing-momentum","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/100007-usd-eur-losing-momentum\/","title":{"rendered":"USD\/EUR Euro Loses Momentum in Case of \u201cBuy the Rumour Sell the Fact\u201d"},"content":{"rendered":"<p>The Macron inspired euro rally was short lived, blink and you missed it. Despite the pro-euro Macron winning the French Presidential elections, the euro was unable to maintain the gains made in the immediate aftermath of the results. In a classic case of buy the rumour sell the fact, the euro retreated from the year to date highs of $1.1010 and pulled back to $1.0920 versus the dollar.<\/p>\n<p>The euro\u2019s inability to sustain a rally was in part due to a Macron win being widely expected and almost fully priced in following his first-round victory, but also due to the realisation that President elect Macron has an \u201cimmense\u201d job on his hands and the threat to the euro will not just disappear after the defeat of LePen. <\/p>\n<h2><a href=\"#lepen-still-a-dominant-force-in-french-politics\" name=\"lepen-still-a-dominant-force-in-french-politics\"><\/a>LePen still a dominant force in French politics<\/h2>\n<p>In fact, quite the opposite, LePen has vowed to \u201clead the fight\u201d at the legislative elections in June. Should LePen gain sufficient influence in the June parliamentary elections, then there could be trouble ahead for Macron and his fledgling party and potential problems for the euro could be just beginning.<\/p>\n<h2><a href=\"#federal-reserve-speakers-acknowledge-weaker-data\" name=\"federal-reserve-speakers-acknowledge-weaker-data\"><\/a>Federal Reserve speakers acknowledge weaker data<\/h2>\n<p>Whilst the euro extended declines the dollar rebounded, as good as ignoring less hawkish commentary from Fed speakers throughout the course of the US session. A June interest rate hike is still being completely priced in, despite the Fed chat from Bernard today. He nodded towards recent weak data, saying that continued rate hikes are not justified by data and added that the policy rate is approximately at an appropriate setting for today. Fed\u2019s Mester, also hinted that the policy rate is approximately at an appropriate setting.<\/p>\n<p>With the French elections ending and Trump\u2019s first 100 days in office in the past, political risk, which has been at generational highs, looks set to ease, with the focus shifting back to economic data and central banks. Today, data for Europe continued to point towards a healthy picture, with German factory orders surging 2.4% compared to a year earlier, beating expectations, whilst EU investor confidence also came in ahead of expectations.<\/p>\n<table class=\"table table-bordered\">\n<tbody>\n<tr>\n<td>\n<p><small><em><br \/>\nThis publication is provided for general information purposes only and is not intended to cover every aspect of the topics with which it deals. It is not intended to amount to advice on which you should rely. You must obtain professional or specialist advice 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 or other professional advice from TransferWise Inc., Currency Live or its affiliates. Prior results do not guarantee a similar outcome. We make no representations, warranties or guarantees, whether express or implied, that the content in the publication is accurate, complete or up to date. Consult our <a href=\"https:\/\/currencylive.com\/risk-warning\/\">risk warning<\/a> page for more details.<\/em><\/small><\/p>\n<p><small><em>This article was initially published on TransferWise.com from the same author. The content at Currency Live is the sole opinion of the authors and in no way reflects the views of TransferWise Inc.<\/em><\/small><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Macron inspired euro rally was short lived, blink and you missed it. Despite the pro-euro Macron winning the French Presidential elections, the euro was unable to maintain the gains made in the immediate aftermath of the results. In a classic case of buy the rumour sell the fact, the euro retreated from the year [&hellip;]<\/p>\n","protected":false},"author":163946598,"featured_media":3544,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,1379,1381],"tags":[1395,1398],"class_list":{"0":"post-3543","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eur","8":"category-gbp","9":"category-usd","10":"tag-eur","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>USD\/EUR Euro Loses Momentum in Case of \u201cBuy the Rumour Sell the Fact\u201d - 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\/100007-usd-eur-losing-momentum\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ileana Ionescu\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/100007-usd-eur-losing-momentum\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/100007-usd-eur-losing-momentum\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"USD\\\/EUR Euro Loses Momentum in Case of \u201cBuy the Rumour Sell the Fact\u201d\",\"datePublished\":\"2017-05-08T04:00:00+00:00\",\"dateModified\":\"2024-12-10T12:48:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/100007-usd-eur-losing-momentum\\\/\"},\"wordCount\":519,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/100007-usd-eur-losing-momentum\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100007-usd-eur-losing-momentum.png\",\"keywords\":[\"eur\",\"usd\"],\"articleSection\":[\"EUR\",\"GBP\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2017\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/100007-usd-eur-losing-momentum\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/100007-usd-eur-losing-momentum\\\/\",\"name\":\"USD\\\/EUR Euro Loses Momentum in Case of \u201cBuy the Rumour Sell the Fact\u201d - Currency Live\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/100007-usd-eur-losing-momentum\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/100007-usd-eur-losing-momentum\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100007-usd-eur-losing-momentum.png\",\"datePublished\":\"2017-05-08T04:00:00+00:00\",\"dateModified\":\"2024-12-10T12:48:37+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/100007-usd-eur-losing-momentum\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/currencylive.com\\\/news\\\/100007-usd-eur-losing-momentum\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/100007-usd-eur-losing-momentum\\\/#primaryimage\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100007-usd-eur-losing-momentum.png\",\"contentUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100007-usd-eur-losing-momentum.png\",\"width\":490,\"height\":290,\"caption\":\"USD\\\/EUR Euro Loses Momentum in Case of \u00e2\u20ac\u0153Buy the Rumour Sell the Fact\u00e2\u20ac\u009d\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/100007-usd-eur-losing-momentum\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"USD\\\/EUR Euro Loses Momentum in Case of \u201cBuy the Rumour Sell the Fact\u201d\"}]},{\"@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\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\",\"name\":\"Ileana Ionescu\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/6ed3a7a555c25b7a0a1f9e6aeb6380726362fd35ff3348679ee5989680828ff2?s=96&d=blank&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/6ed3a7a555c25b7a0a1f9e6aeb6380726362fd35ff3348679ee5989680828ff2?s=96&d=blank&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/6ed3a7a555c25b7a0a1f9e6aeb6380726362fd35ff3348679ee5989680828ff2?s=96&d=blank&r=g\",\"caption\":\"Ileana Ionescu\"},\"description\":\"With a background in business journalism, Ileana works as a Junior Market Analyst for Currency Live and creates content that brings transparency to our audience. Originally from Bucharest, Ileana most commonly transfers EUR to RON and speaks Romanian, English, Italian, Spanish and German.\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/author\\\/ileana-ionescu\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"USD\/EUR Euro Loses Momentum in Case of \u201cBuy the Rumour Sell the Fact\u201d - 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\/100007-usd-eur-losing-momentum\/","twitter_misc":{"Written by":"Ileana Ionescu","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/currencylive.com\/news\/100007-usd-eur-losing-momentum\/#article","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/100007-usd-eur-losing-momentum\/"},"author":{"name":"Ileana Ionescu","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/3d5cb0a6a22d357fc0b9ad562f35e75b"},"headline":"USD\/EUR Euro Loses Momentum in Case of \u201cBuy the Rumour Sell the Fact\u201d","datePublished":"2017-05-08T04:00:00+00:00","dateModified":"2024-12-10T12:48:37+00:00","mainEntityOfPage":{"@id":"https:\/\/currencylive.com\/news\/100007-usd-eur-losing-momentum\/"},"wordCount":519,"image":{"@id":"https:\/\/currencylive.com\/news\/100007-usd-eur-losing-momentum\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100007-usd-eur-losing-momentum.png","keywords":["eur","usd"],"articleSection":["EUR","GBP","USD"],"inLanguage":"en-US","copyrightYear":"2017","copyrightHolder":{"@id":"https:\/\/currencylive.com\/news\/#organization"}},{"@type":"WebPage","@id":"https:\/\/currencylive.com\/news\/100007-usd-eur-losing-momentum\/","url":"https:\/\/currencylive.com\/news\/100007-usd-eur-losing-momentum\/","name":"USD\/EUR Euro Loses Momentum in Case of \u201cBuy the Rumour Sell the Fact\u201d - Currency Live","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/currencylive.com\/news\/100007-usd-eur-losing-momentum\/#primaryimage"},"image":{"@id":"https:\/\/currencylive.com\/news\/100007-usd-eur-losing-momentum\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100007-usd-eur-losing-momentum.png","datePublished":"2017-05-08T04:00:00+00:00","dateModified":"2024-12-10T12:48:37+00:00","author":{"@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/3d5cb0a6a22d357fc0b9ad562f35e75b"},"breadcrumb":{"@id":"https:\/\/currencylive.com\/news\/100007-usd-eur-losing-momentum\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/currencylive.com\/news\/100007-usd-eur-losing-momentum\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/currencylive.com\/news\/100007-usd-eur-losing-momentum\/#primaryimage","url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100007-usd-eur-losing-momentum.png","contentUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100007-usd-eur-losing-momentum.png","width":490,"height":290,"caption":"USD\/EUR Euro Loses Momentum in Case of \u00e2\u20ac\u0153Buy the Rumour Sell the Fact\u00e2\u20ac\u009d"},{"@type":"BreadcrumbList","@id":"https:\/\/currencylive.com\/news\/100007-usd-eur-losing-momentum\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/currencylive.com\/news\/"},{"@type":"ListItem","position":2,"name":"USD\/EUR Euro Loses Momentum in Case of \u201cBuy the Rumour Sell the Fact\u201d"}]},{"@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\/3d5cb0a6a22d357fc0b9ad562f35e75b","name":"Ileana Ionescu","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/6ed3a7a555c25b7a0a1f9e6aeb6380726362fd35ff3348679ee5989680828ff2?s=96&d=blank&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/6ed3a7a555c25b7a0a1f9e6aeb6380726362fd35ff3348679ee5989680828ff2?s=96&d=blank&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/6ed3a7a555c25b7a0a1f9e6aeb6380726362fd35ff3348679ee5989680828ff2?s=96&d=blank&r=g","caption":"Ileana Ionescu"},"description":"With a background in business journalism, Ileana works as a Junior Market Analyst for Currency Live and creates content that brings transparency to our audience. Originally from Bucharest, Ileana most commonly transfers EUR to RON and speaks Romanian, English, Italian, Spanish and German.","url":"https:\/\/currencylive.com\/news\/author\/ileana-ionescu\/"}]}},"jetpack_featured_media_url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100007-usd-eur-losing-momentum.png","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/3543","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\/163946598"}],"replies":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/comments?post=3543"}],"version-history":[{"count":1,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/3543\/revisions"}],"predecessor-version":[{"id":118697,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/3543\/revisions\/118697"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media\/3544"}],"wp:attachment":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media?parent=3543"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/categories?post=3543"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/tags?post=3543"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}