{"id":99710,"date":"2020-05-04T03:59:28","date_gmt":"2020-05-04T07:59:28","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=99710"},"modified":"2020-05-04T05:28:30","modified_gmt":"2020-05-04T09:28:30","slug":"103129-eur-usd-euro-slips-through-1-0950-amid-geopolitical-tensions-weak-ez-data","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/103129-eur-usd-euro-slips-through-1-0950-amid-geopolitical-tensions-weak-ez-data\/","title":{"rendered":"EUR\/USD: Euro Slips Through $1.0950 Amid Geopolitical Tensions &#038; Weak EZ Data"},"content":{"rendered":"<p>The <a href=\"https:\/\/currencylive.com\/news\/currency\/eur\/\">Euro<\/a> is slipping lower versus the safe haven <a href=\"https:\/\/currencylive.com\/news\/currency\/usd\/\">US Dollar<\/a> at the start of the new week, paring gains from the previous week. The Euro US Dollar exchange rate climbed 1.5% across last week, closing on Friday at US$1.0985.<\/p>\n<p>At 08:15 UTC <a href=\"https:\/\/currencylive.com\/exchange-rate\/eur-to-usd-exchange-rate-today\/\">EUR\/USD<\/a> is trading -0.45% at US$1.0934. This is towards the lower end of the daily traded range of US$1.0925 \u2013 US$1.0975 as Trump boosts demand for the safe haven US Dollar and Eurozone manufacturing output comes into focus.<\/p>\n<div class=\"su-button-center\"><a href=\"https:\/\/currencylive.com\/exchange-rate\/eur-to-usd-exchange-rate-today\/\" class=\"su-button su-button-style-flat button-internalbutton\" style=\"color:#ffffff;background-color:#f92658;border-color:#c81f47;border-radius:5px\" target=\"_self\"><span style=\"color:#ffffff;padding:0px 22px;font-size:17px;line-height:34px;border-color:#fb688b;border-radius:5px;text-shadow:none\"> Check real time EUR to USD exchange rate<\/span><\/a><\/div>\n<h2>US Factory Orders Up Next<\/h2>\n<p>The US Dollar is trading on the front foot across the board on Monday as risk aversion dominates in the global markets. Economies across the globe are starting to slowly reopen as lock down measures are eased. However, this is being overshadowed by President Trump\u2019s efforts to pin blame for the coronavirus crisis on China and particularly on a laboratory in Wuhan, the province where the outbreak started.<\/p>\n<p>Trump has threatened trade tariffs as punishment for China\u2019s actions, fuelling fears of a second round to the trade war. Mike Pompeo, Secretary of State reiterated Trump\u2019s accusations on Sunday hitting risk sentiment as markets opened for the new week.<\/p>\n<p>Looking ahead, investors will focus on US factory orders which are expected to show a decline of -9.8% month on month in March, highlighting the impact that the coronavirus crisis is having on the US economy.<\/p>\n<h2>Eurozone Manufacturing PMI In Focus<\/h2>\n<p>Whilst economies across Europe continue to gradually reopen, European PMI data is weighing on demand for the common currency. Spain reported that manufacturing activity slid to 30.8 on the purchasing mangers index, a closely watched output guage. This is worst than the 34 that analyst\u2019s have pencilled in and is well short of the 45.7 level recorded in March, after a full month of lock down in April.<\/p>\n<p>Investors will now look ahead to the manufacturing PMI\u2019s from Germany, the Eurozone\u2019s largest economy and from the Eurozone. The data is expected to be weak, fuelling concerns of a deeper economic recession.<\/p>\n<p>Last week data revealed that economic growth across the bloc contracted -3.8% on an annual basis, in the first three months of the year. The European Central Bank governor Christine Lagarde warned that the Eurozone GDP could fall between 5% &#8211; 12% this year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Euro is slipping lower versus the safe haven US Dollar at the start of the new week, paring gains from the previous week. The Euro US Dollar exchange rate climbed 1.5% across last week, closing on Friday at US$1.0985. At 08:15 UTC EUR\/USD is trading -0.45% at US$1.0934. This is towards the lower end [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":4818,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,1381],"tags":[1393,1601,1480,1397,2731],"class_list":{"0":"post-99710","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eur","8":"category-usd","9":"tag-euro","10":"tag-factory-orders","11":"tag-manufacturing-pmi","12":"tag-us-dollar","13":"tag-usd-eur"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>EUR\/USD: Euro Slips Through $1.0950 Amid Geopolitical Tensions &amp; Weak EZ 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\/103129-eur-usd-euro-slips-through-1-0950-amid-geopolitical-tensions-weak-ez-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=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103129-eur-usd-euro-slips-through-1-0950-amid-geopolitical-tensions-weak-ez-data\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103129-eur-usd-euro-slips-through-1-0950-amid-geopolitical-tensions-weak-ez-data\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"EUR\\\/USD: Euro Slips Through $1.0950 Amid Geopolitical Tensions &#038; 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