- Euro/US dollar declines nearly 1.0460 after issuing data for the initial purchasing managers index for the month of February in the euro area and its main countries.
- The Euro Scene Manager Index in the euro area was expanded at a fixed pace of 50.2 in February.
- Investors expect that the Trump tariff agenda will not hurt much of what was previously expected.
Euro/US dollar slides approximately 1,0460 in the North American session on Friday. The main currency pair weakens after the issuance of the initial purchasing index data for Hamburg Commercial Bank (HCOB) for February The euro area And its main countries. The PMI HCOB PMI report, which was collected by the S&P Global, showed that the total commercial activity expands at a fixed but slower pace than expected. PMi read the compound 50.2 for 50.5 estimates.
The report showed that manufacturing PMI Continue contract. However, the pace in which economic data decreased was slower than previous estimates and reading. Meanwhile, activities in the services sector expanded. The pace presented by the data was amazingly slower than the previous version.
“Economic output in the euro area is barely moving at all. The somewhat moderate recession in the manufacturing sector is only compensated through growth is barely noticeable in the services sector. It is certain that there is hope in a German government that will be able to act after the elections, which must It also provides a positive force for the euro area as a whole. However, this is offset by a relatively unstable situation in France and the American customs policy that is published Understanding.
Fixed growth in the data of the purchasing managers in the euro area is unlikely to provide the comfort of European Central Bank officials (ECB), who were concerned about the upward risks of economic growth. Traders were fully priced in three other discounts in interest rates by the European Central Bank this year. the European Central Bank It also reduced the rate of deposit facilities by 25 basis points (BPS) to 2.75 % last month.
In today’s session, investors will also focus on Flash United State (US) S & P Global PMI Data for the month of February, which will be published at 14:45 GMT.
The price of the euro today
The table below shows the percentage of euro change (EUR) against the main currencies listed today. Euro was the strongest against the Japanese yen.
| US dollar | euro | GBP | JPY | CAD | Aud | Nzd | Chf | |
|---|---|---|---|---|---|---|---|---|
| US dollar | 0.25 % | 0.13 % | 0.42 % | 0.07 % | 0.29 % | 0.14 % | 0.21 % | |
| euro | -0.25 % | -0.12 % | 0.19 % | -18 % | 0.02 % | -11 % | -05 % | |
| GBP | -0.13 % | 0.12 % | 0.32 % | -06 % | 0.15 % | 0.00 % | 0.07 % | |
| JPY | -0.42 % | -0.19 % | -0.32 % | -0.31 % | -0.12 % | -0.28 % | -0.20 % | |
| CAD | -07 % | 0.18 % | 0.06 % | 0.31 % | 0.20 % | 0.06 % | 0.13 % | |
| Aud | -0.29 % | -02 % | -0.15 % | 0.12 % | -0.20 % | -0.14 % | -0.09 % | |
| Nzd | -0.14 % | 0.11 % | 0.00 % | 0.28 % | -06 % | 0.14 % | 0.07 % | |
| Chf | -0.21 % | 0.05 % | -07 % | 0.20 % | -0.13 % | 0.09 % | -07 % |
The heat map shows the percentage changes in the main currencies against each other. The basic currency is chosen from the left column, while the quotation currency is chosen from the top row. For example, if you choose the euro from the left column and move along the horizontal line to the US dollar, the percentage offered in the box will represent EUR (Base)/USD (quote).
Digest Market Mark: The euro/the US dollar is declining with the US dollar gain
- EUR/USD is struggling to obtain gains on Thursday near the psychological level of 1.0500 as the US dollar (USD) seeks to obtain a ground after its deployment low over the date .
- On Thursday, Greenback faced a sharp sale with the improvement of the market mood. Investors expect the definition agenda in the United States, Donald Trump, will be more terrifying than the market.
- To date, President Trump imposed a 25 % tariff on steel and aluminum, 10 % on all imports from China, and threatened to provide a mutual tariff, with a tax of 25 % on cars, semiconductors, and pharmaceutical preparations by April. Market participants expected that Trump will force the customs tariff after his return to the White House.
- It seems that the ambiguity surrounding President Trump’s introductory policies has bought time for trading partners in the United States to negotiate a deal with him, which limits the impact of definitions on their economies. On Thursday, European Union Trade President Marus Sevkovic said that the United States showed some desire to reduce customs tariffs. Sepkovic’s comments came after a long meeting with senior trade officials in Trump. He added that his first priority is to avoid the economic pain of both countries.
- Regardless of the Trump tariff agenda, the increasing optimism about the truce of Russia, Ukraine, has also been affected by the US dollar. President Trump has agreed to hold more talks with Russia, including Ukraine and Europe, to end the war. On Thursday, US Treasury Secretary, Scott Payette, said that the president is committed to ending the war “quickly” and added that Russia could see some sanctions on negotiating its war with Ukraine.
- On the Monetary Policy Front, Federal Reserve officials (FERED) directed a restricted financial political position amid concerns about the upheaval risks of inflation due to Trump’s economic agenda.
Technical Analysis: Euro/USD retracts from 1.0500
EUR/USD decreases slightly to approximately 1.0470 in the trading hours in North America on Friday after reconsidering the highest level in three weeks at 1.0500 on Thursday. The 50 -day Si -moving average continues to provide support to the main currency pair of about 1.0436.
The relative strength index is struggling for 14 days (RSI) to break above 60.00. The bullish momentum will be activated if RSI (14) can maintain higher than this level.
Looking down, the February 10 level of 1.0285 will serve as the main support area of the husband. On the contrary, the highest level on December 6 of 1.0630 will be the main barrier of euro bulls.
Customs fees are common questions
Customs duties are useful customs duties on some imports of goods or a category of products. Customs duties are designed to help local producers and manufacturers to be more competitive in the market by providing the price feature on similar goods that can be imported. Definitions are widely used as fever tools, along with commercial barriers and import shares.
Although customs tariffs and taxes generate government revenues to finance public goods and services, they have many differences. Customs duties are pre -paid in the entry port, while taxes are paid at the time of purchase. Taxes are imposed on individual taxpayers and companies, while customs duties are paid by importers.
There is a school of thought between economists regarding the use of definitions. While some argue that definitions are necessary to protect local industries and address commercial imbalances, others see them as a harmful tool that can push prices up in the long term and lead to a harmful trade war by encouraging customs tariffs.
During the period before the presidential elections in November 2024, Donald Trump explained that he intends to use the customs tariff to support the American economy and American producers. In 2024, Mexico, China and Canada accounted for 42 % of the total imports of the United States. During this period, Mexico emerged as the best source with $ 466.6 billion, according to the American Statistical Office. Thus, Trump wants to focus on these three countries when imposing definitions. It is also planned to use the revenues created by definitions to reduce personal income taxes.
2025-02-21 14:31:00
https://editorial.fxsstatic.com/images/i/EURUSD-bearish-object_Large.png