{"id":95910,"date":"2020-02-12T04:00:39","date_gmt":"2020-02-12T09:00:39","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=95910"},"modified":"2020-02-12T07:20:12","modified_gmt":"2020-02-12T12:20:12","slug":"102355-eur-usd-pair-at-1-09-on-central-bank-comments","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/102355-eur-usd-pair-at-1-09-on-central-bank-comments\/","title":{"rendered":"EUR\/USD: Pair At $1.09 On Central Bank Comments"},"content":{"rendered":"

The euro<\/a> managed to snap a 7-session losing streak versus the US dollar<\/a> on Tuesday. The euro US dollar exchange rate has lost 1.5% against the greenback so far this month and 2.5% so far this year. Th pair hit a fresh four month low of US$1.0892 on Tuesday before picking up slightly into the close. The pair closed 0.1% higher at $1.0920.<\/p>\n

EUR\/USD<\/a> is on the back foot and continues to hover around 4-month lows in early trade on Wednesday.<\/p>\n

EUR\/USD – Euro recovered later in the session following Lagarde\u2019s speech<\/h2>\n

The euro<\/a> dipped in early trade on Tuesday, only to recover later in the session following European Central Bank President Christine Lagarde\u2019s speech before the European Parliament. Once again Christine Lagarde pushed for further fiscal spending by governments in the bloc.<\/p>\n

Today investors will be looking towards the release of Eurozone industrial production data. Analysts are expecting industrial output to have declined -1.7% month on month in December. This would be a significant downturn from the 0.2% increase in November. A weak reading would support the view that the bottoming out of the slump in the manufacturing sector was still some way away. Economic data could get worse before it improves.<\/p>\n

The dollar traded broadly lower versus its peers on Tuesday<\/h2>\n

The dollar<\/a> traded broadly lower versus its peers on Tuesday, as safe haven flows eased and as Federal Reserve Chair Powell struck an even tone in his testimony to the House of Representatives.<\/p>\n

Jerome Powell told Congress that the US economy is in a good place despite the potential threat of coronavirus on the Chinese and global economy<\/a>. He spoke of risks associated to the trade war easing and of the strong US labor market. He also said that the US economy was performing well and saw no reason why economic expansion couldn\u2019t continue. He reiterated that the Fed considered the current position on monetary policy appropriate.<\/p>\n

Jerome Powell spoke about the risks associated to the coronavirus outbreak on the Chinese economy and its close trading partners. He mentioned that there could well be some impact on the US economy. There was nothing new in his answers to drive the US dollar.<\/p>\n

Today, the dollar is rebounding as investors await Jerome Powell’s testimony before the Senate. Another well balanced appearance could keep volatility out of the dollar.<\/p>\n

 <\/p>\n

\n
Currencylive.com<\/em> is a news site only and not a currency trading platform.<\/em><\/h6>\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 managed to snap a 7-session losing streak versus the US dollar on Tuesday. The euro US dollar exchange rate has lost 1.5% against the greenback so far this month and 2.5% so far this year. Th pair hit a fresh four month low of US$1.0892 on Tuesday before picking up slightly into the […]<\/p>\n","protected":false},"author":163946597,"featured_media":5643,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,1381],"tags":[1481,2274,2139,1413,1438,1525,1445,1397,1398],"class_list":{"0":"post-95910","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eur","8":"category-usd","9":"tag-christine-lagarde","10":"tag-congress","11":"tag-coronavirus","12":"tag-ecb","13":"tag-federal-reserve","14":"tag-industrial-production","15":"tag-jerome-powell","16":"tag-us-dollar","17":"tag-usd"},"acf":[],"yoast_head":"\nEUR\/USD: Pair At $1.09 On Central Bank Comments - Currency Live<\/title>\n<meta name=\"description\" content=\"The euro managed to snap a 7-session losing streak versus the US dollar on Tuesday. The euro US dollar exchange rate has lost 1.5% against the greenback so far this month and 2.5% so far this year.\" \/>\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\/102355-eur-usd-pair-at-1-09-on-central-bank-comments\/\" \/>\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=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102355-eur-usd-pair-at-1-09-on-central-bank-comments\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102355-eur-usd-pair-at-1-09-on-central-bank-comments\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"EUR\\\/USD: Pair At $1.09 On Central Bank Comments\",\"datePublished\":\"2020-02-12T09:00:39+00:00\",\"dateModified\":\"2020-02-12T12:20:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102355-eur-usd-pair-at-1-09-on-central-bank-comments\\\/\"},\"wordCount\":645,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102355-eur-usd-pair-at-1-09-on-central-bank-comments\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100662-gbp-eur-pound-declines-light-data.jpg\",\"keywords\":[\"Christine Lagarde\",\"Congress\",\"coronavirus\",\"ecb\",\"federal reserve\",\"industrial production\",\"Jerome Powell\",\"us dollar\",\"usd\"],\"articleSection\":[\"EUR\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102355-eur-usd-pair-at-1-09-on-central-bank-comments\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102355-eur-usd-pair-at-1-09-on-central-bank-comments\\\/\",\"name\":\"EUR\\\/USD: Pair At $1.09 On Central Bank Comments - Currency Live\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102355-eur-usd-pair-at-1-09-on-central-bank-comments\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102355-eur-usd-pair-at-1-09-on-central-bank-comments\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100662-gbp-eur-pound-declines-light-data.jpg\",\"datePublished\":\"2020-02-12T09:00:39+00:00\",\"dateModified\":\"2020-02-12T12:20:12+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"description\":\"The euro managed to snap a 7-session losing streak versus the US dollar on Tuesday. The euro US dollar exchange rate has lost 1.5% against the greenback so far this month and 2.5% so far this year.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102355-eur-usd-pair-at-1-09-on-central-bank-comments\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/currencylive.com\\\/news\\\/102355-eur-usd-pair-at-1-09-on-central-bank-comments\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102355-eur-usd-pair-at-1-09-on-central-bank-comments\\\/#primaryimage\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100662-gbp-eur-pound-declines-light-data.jpg\",\"contentUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100662-gbp-eur-pound-declines-light-data.jpg\",\"width\":1200,\"height\":675,\"caption\":\"euro-bank-notes - EUR\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102355-eur-usd-pair-at-1-09-on-central-bank-comments\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"EUR\\\/USD: Pair At $1.09 On Central Bank Comments\"}]},{\"@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 At $1.09 On Central Bank Comments - Currency Live","description":"The euro managed to snap a 7-session losing streak versus the US dollar on Tuesday. The euro US dollar exchange rate has lost 1.5% against the greenback so far this month and 2.5% so far this year.","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\/102355-eur-usd-pair-at-1-09-on-central-bank-comments\/","twitter_misc":{"Written by":"Fiona Cincotta","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/currencylive.com\/news\/102355-eur-usd-pair-at-1-09-on-central-bank-comments\/#article","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/102355-eur-usd-pair-at-1-09-on-central-bank-comments\/"},"author":{"name":"Fiona Cincotta","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/8ef0fafb6c93f1204150bb907b42cfec"},"headline":"EUR\/USD: Pair At $1.09 On Central Bank Comments","datePublished":"2020-02-12T09:00:39+00:00","dateModified":"2020-02-12T12:20:12+00:00","mainEntityOfPage":{"@id":"https:\/\/currencylive.com\/news\/102355-eur-usd-pair-at-1-09-on-central-bank-comments\/"},"wordCount":645,"image":{"@id":"https:\/\/currencylive.com\/news\/102355-eur-usd-pair-at-1-09-on-central-bank-comments\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100662-gbp-eur-pound-declines-light-data.jpg","keywords":["Christine Lagarde","Congress","coronavirus","ecb","federal reserve","industrial production","Jerome Powell","us dollar","usd"],"articleSection":["EUR","USD"],"inLanguage":"en-US","copyrightYear":"2020","copyrightHolder":{"@id":"https:\/\/currencylive.com\/news\/#organization"}},{"@type":"WebPage","@id":"https:\/\/currencylive.com\/news\/102355-eur-usd-pair-at-1-09-on-central-bank-comments\/","url":"https:\/\/currencylive.com\/news\/102355-eur-usd-pair-at-1-09-on-central-bank-comments\/","name":"EUR\/USD: Pair At $1.09 On Central Bank Comments - Currency Live","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/currencylive.com\/news\/102355-eur-usd-pair-at-1-09-on-central-bank-comments\/#primaryimage"},"image":{"@id":"https:\/\/currencylive.com\/news\/102355-eur-usd-pair-at-1-09-on-central-bank-comments\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100662-gbp-eur-pound-declines-light-data.jpg","datePublished":"2020-02-12T09:00:39+00:00","dateModified":"2020-02-12T12:20:12+00:00","author":{"@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/8ef0fafb6c93f1204150bb907b42cfec"},"description":"The euro managed to snap a 7-session losing streak versus the US dollar on Tuesday. The euro US dollar exchange rate has lost 1.5% against the greenback so far this month and 2.5% so far this year.","breadcrumb":{"@id":"https:\/\/currencylive.com\/news\/102355-eur-usd-pair-at-1-09-on-central-bank-comments\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/currencylive.com\/news\/102355-eur-usd-pair-at-1-09-on-central-bank-comments\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/currencylive.com\/news\/102355-eur-usd-pair-at-1-09-on-central-bank-comments\/#primaryimage","url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100662-gbp-eur-pound-declines-light-data.jpg","contentUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100662-gbp-eur-pound-declines-light-data.jpg","width":1200,"height":675,"caption":"euro-bank-notes - EUR"},{"@type":"BreadcrumbList","@id":"https:\/\/currencylive.com\/news\/102355-eur-usd-pair-at-1-09-on-central-bank-comments\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/currencylive.com\/news\/"},{"@type":"ListItem","position":2,"name":"EUR\/USD: Pair At $1.09 On Central Bank Comments"}]},{"@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\/100662-gbp-eur-pound-declines-light-data.jpg","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/95910","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=95910"}],"version-history":[{"count":7,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/95910\/revisions"}],"predecessor-version":[{"id":95945,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/95910\/revisions\/95945"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media\/5643"}],"wp:attachment":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media?parent=95910"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/categories?post=95910"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/tags?post=95910"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}