{"id":36271,"date":"2019-10-16T04:00:01","date_gmt":"2019-10-16T08:00:01","guid":{"rendered":"https:\/\/currencylive.com\/?p=36271"},"modified":"2019-10-16T02:49:59","modified_gmt":"2019-10-16T06:49:59","slug":"101250-eur-usd-euro-advances-ahead-of-ez-inflation-figures-us-retail-sales","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/101250-eur-usd-euro-advances-ahead-of-ez-inflation-figures-us-retail-sales\/","title":{"rendered":"EUR\/USD: Euro Advances Ahead Of EZ Inflation Figures & US Retail Sales"},"content":{"rendered":"

After falling in early trade on Tuesday, the euro rebounded off session lows of US$1.0991 to hit a high of US$1.1046 versus the US dollar. The euro US dollar exchange rate finished flat on Tuesday. The pair is extending gains in early trade on Wednesday.<\/p>\n

The euro surged on Tuesday on reports that the EU and the UK were closing in in a draft Brexit deal. A report on Bloomberg boosted optimism, saying that the two sides were close to a deal. The strong move higher in the euro is reflective of the positives that a Brexit deal would bring to the eurozone, as well as to the UK.<\/p>\n

Today euro traders will look ahead to eurozone inflation figures, as measured by the consumer price index (CPI). The eurozone has been suffering from lacklustre inflation and that doesn\u2019t look as if it is about to change. Analysts are predicting that eurozone inflation remained steady at just 0.9% year on year in September. This is well below the 2% European Central Bank target. Weak inflation will prompt investors to assume that the ECB could look to ease monetary policy further in a bid to boost stagnating inflation.<\/p>\n

 <\/p>\n\n\n\n\n
Why do interest rate cuts drag on a currency\u2019s value?<\/strong><\/td>\n<\/tr>\n
Interest rates are key to understanding exchange rate movements. Those who have large sums of money to invest want the highest return on their investments. Lower interest rate environments tend to offer lower yields. So, if the interest rate or at least the interest rate expectation of a country is relatively lower compared to another, then foreign investors look to pull their capital out and invest elsewhere. Large corporations and investors sell out of local currency to invest elsewhere. More local currency is available\u00a0 as the demand of that currency declines, dragging the value lower.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

Will US Retail Sales Lift Dollar?<\/strong><\/h3>\n

The US dollar trended lower on Tuesday as Brexit optimism and a strong start to US earning season boosted risk sentiment. Third quarter earnings kicked off on Tuesday. Results of the largest banks in the US reflected a relatively healthy US consumer and more wary business sector. The broadly stronger than forecast numbers had helped calm fears on the US economy boosting risk sentiment. \u00a0When risk sentiment increases investors often sell out off the safe haven dollar.<\/p>\n

After a quiet week so far ton the US economic calendar, things will start to pick up today. Investors will look towards US retail sales for clues on the outlook of the US economy. Analysts are forecasting that US retail sales ticked lower in September to 0.3%, down from 0.4% in August. Investors will be watching closely for signs that the US economy is resilient despite the ongoing US \u2014 Sino trade dispute. Up until now retail sales have remained robust, showing that US consumers are happy to spend. In other words, the manufacturing slump hasn\u2019t spilled over into the consumer sector.<\/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","protected":false},"excerpt":{"rendered":"

After falling in early trade on Tuesday, the euro rebounded off session lows of US$1.0991 to hit a high of US$1.1046 versus the US dollar. The euro US dollar exchange rate finished flat on Tuesday. The pair is extending gains in early trade on Wednesday. The euro surged on Tuesday on reports that the EU […]<\/p>\n","protected":false},"author":163946597,"featured_media":4415,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,1381],"tags":[1386,1413,1395,1393,1387,1643,1644,1462,1398],"class_list":["post-36271","post","type-post","status-publish","format-standard","has-post-thumbnail","category-eur","category-usd","tag-brexit","tag-ecb","tag-eur","tag-euro","tag-inflation","tag-retail","tag-sales","tag-trade","tag-usd"],"acf":[],"yoast_head":"\nEUR\/USD: Euro Advances Ahead Of EZ Inflation Figures & 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\/101250-eur-usd-euro-advances-ahead-of-ez-inflation-figures-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=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101250-eur-usd-euro-advances-ahead-of-ez-inflation-figures-us-retail-sales\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101250-eur-usd-euro-advances-ahead-of-ez-inflation-figures-us-retail-sales\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"EUR\\\/USD: Euro Advances Ahead Of EZ Inflation Figures & US Retail Sales\",\"datePublished\":\"2019-10-16T08:00:01+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101250-eur-usd-euro-advances-ahead-of-ez-inflation-figures-us-retail-sales\\\/\"},\"wordCount\":752,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101250-eur-usd-euro-advances-ahead-of-ez-inflation-figures-us-retail-sales\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100395-gbp-eur-eurozone-inflation-data.jpg\",\"keywords\":[\"Brexit\",\"ecb\",\"eur\",\"euro\",\"Inflation\",\"retail\",\"sales\",\"trade\",\"usd\"],\"articleSection\":[\"EUR\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2019\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101250-eur-usd-euro-advances-ahead-of-ez-inflation-figures-us-retail-sales\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101250-eur-usd-euro-advances-ahead-of-ez-inflation-figures-us-retail-sales\\\/\",\"name\":\"EUR\\\/USD: Euro Advances Ahead Of EZ Inflation Figures & US Retail Sales - 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