{"id":47149,"date":"2019-10-22T03:30:53","date_gmt":"2019-10-22T07:30:53","guid":{"rendered":"https:\/\/currencylive.com\/?p=47149"},"modified":"2019-10-22T07:38:15","modified_gmt":"2019-10-22T11:38:15","slug":"101283-eur-usd-pair-steady-around-1-1150-on-brexit-hopes-trade-recession-fears","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/101283-eur-usd-pair-steady-around-1-1150-on-brexit-hopes-trade-recession-fears\/","title":{"rendered":"EUR\/USD: Pair Steady Around $1.1150 On Brexit Hopes, Trade & Recession Fears"},"content":{"rendered":"

The euro US dollar exchange rate rallied to an October high of US$1.1179 on Monday, before steadily easing lower towards the close. The pair ended the session flat at US$1.1150. The euro is advancing cautiously in early trade on Tuesday.<\/p>\n

Given the sparse macroeconomic calendar and Brexit uncertainty, the euro lacked direction. Brexit remains unresolved with just 9 days to go until the UK leaves EU. Investors are increasingly convinced that the UK will avoid a no deal Brexit.<\/p>\n

Boris Johnson will put his Brexit agreement bill to the House of Commons for a vote today. The Financial Times reported that given historical voting patterns and recent discourse, Boris Johnson should have a majority. In this case he will attempt to fast track Brexit legislation through the Commons and the Lords to leave the EU on 31st<\/sup> October.<\/p>\n

Any move towards a Brexit deal could boost the euro. This is because it reduces uncertainty and risk in eurozone economies.<\/p>\n

There is no high impacting eurozone data release until Thursday\u2019s pmi readings. The same day investors will be looking towards the European Central Bank\u2019s monetary policy announcement.<\/p>\n

This will be the final sitting for ECB President Mario Draghi, before he is replaced with Christine Lagarde. The ECB cut overnight interest rates and restarted the quantitative easing programme in the September meeting. Analysis do not expect the ECB to ease monetary policy further this month. Investors will be watching closely for any signs of a more dovish stance from the deeply divided central bank.<\/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

US Recession Concerns Linger<\/strong><\/h3>\n

After a weak start to trading on Monday, the dollar reversed earlier losses to finish the session in positive territory.<\/p>\n

With little in the way of macroeconomic data, the dollar drifted for most of the session. The US dollar has been under pressure in recent weeks amid growing signs of weakness in the US economy, which has led to higher bets that the US Federal Reserve could cut interest rates when they meet later this month.<\/p>\n

Improving US \u2014 China trade relations has been the other driving factor for the dollar. Recent reports that the two sides are close to a deal has boosted riskier currencies rather than the safe haven dollar.<\/p>\n

Today there is some mid-tier US data due to be released, such as existing home sales. Analysts don\u2019t expect this to impact the dollar greatly.<\/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

Currencylive.com is a site operated by TransferWise Inc. (“We”, “Us”), a Delaware Corporation. We do not guarantee that the website will operate in an uninterrupted or error-free manner or is free of viruses or other harmful components. The content on our site is provided for general information only and is not intended as an exhaustive treatment of its subject. We expressly disclaim any contractual or fiduciary relationship with you on the basis of the content of our site, any 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 on our site. Although we make reasonable efforts to update the information on our site, we make no representations, warranties or guarantees, whether express or implied, that the content on our site is accurate, complete or up to date, and DISCLAIM ANY IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. Some of the content posted on this site has been commissioned by Us, but is the work of independent contractors. These contractors are not employees, workers, agents or partners of TransferWise and they do not hold themselves out as one. The information and content posted by these independent contractors have not been verified or approved by Us. The views expressed by these independent contractors on currencylive.com do not represent our views.<\/em><\/h6>\n","protected":false},"excerpt":{"rendered":"

The euro US dollar exchange rate rallied to an October high of US$1.1179 on Monday, before steadily easing lower towards the close. The pair ended the session flat at US$1.1150. The euro is advancing cautiously in early trade on Tuesday. Given the sparse macroeconomic calendar and Brexit uncertainty, the euro lacked direction. Brexit remains unresolved […]<\/p>\n","protected":false},"author":163946597,"featured_media":5182,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,1381],"tags":[1396,1386,1399,1395,1393,1408,1433,1397,1398],"class_list":{"0":"post-47149","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eur","8":"category-usd","9":"tag-boris-johnson","10":"tag-brexit","11":"tag-china","12":"tag-eur","13":"tag-euro","14":"tag-fed","15":"tag-rate-cut","16":"tag-us-dollar","17":"tag-usd"},"acf":[],"yoast_head":"\nEUR\/USD: Pair Steady Around $1.1150 On Brexit Hopes, Trade & Recession Fears - 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\/101283-eur-usd-pair-steady-around-1-1150-on-brexit-hopes-trade-recession-fears\/\" \/>\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\\\/101283-eur-usd-pair-steady-around-1-1150-on-brexit-hopes-trade-recession-fears\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101283-eur-usd-pair-steady-around-1-1150-on-brexit-hopes-trade-recession-fears\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"EUR\\\/USD: Pair Steady Around $1.1150 On Brexit Hopes, Trade & Recession Fears\",\"datePublished\":\"2019-10-22T07:30:53+00:00\",\"dateModified\":\"2019-10-22T11:38:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101283-eur-usd-pair-steady-around-1-1150-on-brexit-hopes-trade-recession-fears\\\/\"},\"wordCount\":868,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101283-eur-usd-pair-steady-around-1-1150-on-brexit-hopes-trade-recession-fears\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100806-Brexit-and-ECB-doubts.png\",\"keywords\":[\"boris johnson\",\"Brexit\",\"china\",\"eur\",\"euro\",\"fed\",\"rate cut\",\"us dollar\",\"usd\"],\"articleSection\":[\"EUR\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2019\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101283-eur-usd-pair-steady-around-1-1150-on-brexit-hopes-trade-recession-fears\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101283-eur-usd-pair-steady-around-1-1150-on-brexit-hopes-trade-recession-fears\\\/\",\"name\":\"EUR\\\/USD: Pair Steady Around $1.1150 On Brexit Hopes, Trade & Recession Fears - Currency Live\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101283-eur-usd-pair-steady-around-1-1150-on-brexit-hopes-trade-recession-fears\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101283-eur-usd-pair-steady-around-1-1150-on-brexit-hopes-trade-recession-fears\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100806-Brexit-and-ECB-doubts.png\",\"datePublished\":\"2019-10-22T07:30:53+00:00\",\"dateModified\":\"2019-10-22T11:38:15+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101283-eur-usd-pair-steady-around-1-1150-on-brexit-hopes-trade-recession-fears\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/currencylive.com\\\/news\\\/101283-eur-usd-pair-steady-around-1-1150-on-brexit-hopes-trade-recession-fears\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101283-eur-usd-pair-steady-around-1-1150-on-brexit-hopes-trade-recession-fears\\\/#primaryimage\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100806-Brexit-and-ECB-doubts.png\",\"contentUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100806-Brexit-and-ECB-doubts.png\",\"width\":918,\"height\":517,\"caption\":\"gbp-eur-bank-notes-and-coins\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101283-eur-usd-pair-steady-around-1-1150-on-brexit-hopes-trade-recession-fears\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"EUR\\\/USD: Pair Steady Around $1.1150 On Brexit Hopes, Trade & Recession Fears\"}]},{\"@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\\\/8ef0fafb6c93f1204150bb907b42cfec\",\"name\":\"Fiona Cincotta\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g\",\"caption\":\"Fiona Cincotta\"},\"description\":\"Editor - Senior Financial Market Analyst Through over a decade\u2019s experience analysing and reporting on global currency markets, Fiona has a gained a deep understanding of the fundamental drivers of currencies. She is regularly quoted by international news organisations including Financial Times, Reuters and Bloomberg. Fiona is a familiar face after years of appearances on BBC, Sky News and Fox Business News.\",\"sameAs\":[\"https:\\\/\\\/www.linkedin.com\\\/in\\\/fiona-cincotta-bb4a4845\\\/\"],\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/author\\\/fiona-cincotta\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"EUR\/USD: Pair Steady Around $1.1150 On Brexit Hopes, Trade & Recession Fears - 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\/101283-eur-usd-pair-steady-around-1-1150-on-brexit-hopes-trade-recession-fears\/","twitter_misc":{"Written by":"Fiona Cincotta","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/currencylive.com\/news\/101283-eur-usd-pair-steady-around-1-1150-on-brexit-hopes-trade-recession-fears\/#article","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/101283-eur-usd-pair-steady-around-1-1150-on-brexit-hopes-trade-recession-fears\/"},"author":{"name":"Fiona Cincotta","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/8ef0fafb6c93f1204150bb907b42cfec"},"headline":"EUR\/USD: Pair Steady Around $1.1150 On Brexit Hopes, Trade & Recession Fears","datePublished":"2019-10-22T07:30:53+00:00","dateModified":"2019-10-22T11:38:15+00:00","mainEntityOfPage":{"@id":"https:\/\/currencylive.com\/news\/101283-eur-usd-pair-steady-around-1-1150-on-brexit-hopes-trade-recession-fears\/"},"wordCount":868,"image":{"@id":"https:\/\/currencylive.com\/news\/101283-eur-usd-pair-steady-around-1-1150-on-brexit-hopes-trade-recession-fears\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100806-Brexit-and-ECB-doubts.png","keywords":["boris johnson","Brexit","china","eur","euro","fed","rate cut","us dollar","usd"],"articleSection":["EUR","USD"],"inLanguage":"en-US","copyrightYear":"2019","copyrightHolder":{"@id":"https:\/\/currencylive.com\/news\/#organization"}},{"@type":"WebPage","@id":"https:\/\/currencylive.com\/news\/101283-eur-usd-pair-steady-around-1-1150-on-brexit-hopes-trade-recession-fears\/","url":"https:\/\/currencylive.com\/news\/101283-eur-usd-pair-steady-around-1-1150-on-brexit-hopes-trade-recession-fears\/","name":"EUR\/USD: Pair Steady Around $1.1150 On Brexit Hopes, Trade & Recession Fears - Currency Live","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/currencylive.com\/news\/101283-eur-usd-pair-steady-around-1-1150-on-brexit-hopes-trade-recession-fears\/#primaryimage"},"image":{"@id":"https:\/\/currencylive.com\/news\/101283-eur-usd-pair-steady-around-1-1150-on-brexit-hopes-trade-recession-fears\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100806-Brexit-and-ECB-doubts.png","datePublished":"2019-10-22T07:30:53+00:00","dateModified":"2019-10-22T11:38:15+00:00","author":{"@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/8ef0fafb6c93f1204150bb907b42cfec"},"breadcrumb":{"@id":"https:\/\/currencylive.com\/news\/101283-eur-usd-pair-steady-around-1-1150-on-brexit-hopes-trade-recession-fears\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/currencylive.com\/news\/101283-eur-usd-pair-steady-around-1-1150-on-brexit-hopes-trade-recession-fears\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/currencylive.com\/news\/101283-eur-usd-pair-steady-around-1-1150-on-brexit-hopes-trade-recession-fears\/#primaryimage","url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100806-Brexit-and-ECB-doubts.png","contentUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100806-Brexit-and-ECB-doubts.png","width":918,"height":517,"caption":"gbp-eur-bank-notes-and-coins"},{"@type":"BreadcrumbList","@id":"https:\/\/currencylive.com\/news\/101283-eur-usd-pair-steady-around-1-1150-on-brexit-hopes-trade-recession-fears\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/currencylive.com\/news\/"},{"@type":"ListItem","position":2,"name":"EUR\/USD: Pair Steady Around $1.1150 On Brexit Hopes, Trade & Recession Fears"}]},{"@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\/8ef0fafb6c93f1204150bb907b42cfec","name":"Fiona Cincotta","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g","caption":"Fiona Cincotta"},"description":"Editor - Senior Financial Market Analyst Through over a decade\u2019s experience analysing and reporting on global currency markets, Fiona has a gained a deep understanding of the fundamental drivers of currencies. She is regularly quoted by international news organisations including Financial Times, Reuters and Bloomberg. Fiona is a familiar face after years of appearances on BBC, Sky News and Fox Business News.","sameAs":["https:\/\/www.linkedin.com\/in\/fiona-cincotta-bb4a4845\/"],"url":"https:\/\/currencylive.com\/news\/author\/fiona-cincotta\/"}]}},"jetpack_featured_media_url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100806-Brexit-and-ECB-doubts.png","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/47149","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\/163946597"}],"replies":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/comments?post=47149"}],"version-history":[{"count":6,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/47149\/revisions"}],"predecessor-version":[{"id":47160,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/47149\/revisions\/47160"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media\/5182"}],"wp:attachment":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media?parent=47149"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/categories?post=47149"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/tags?post=47149"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}