The EUR/USD currency pair has held an upside bias near the 1.0800 region due to several factors. Firstly, the European Central Bank (ECB) President, Christine Lagarde, has commented that underlying inflation dynamics remain strong, which has boosted investor sentiment. Additionally, the anticipation of the Federal Reserve’s (Fed) interest rate decision.
Introduction The EUR/USD currency pair has been experiencing a volatile market as buyers and sellers fight for control. While the Euro buyers had a good run, the sellers are now pushing back, leading to a mild decline. In this article, we will discuss the current market status of EUR/USD and.
Introduction: UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang have recently provided their insights on the potential movements of the EUR/USD currency pair. According to them, the currency pair is expected to remain in its current consolidative range in the near future. This article will.
Introduction: Danske Bank economists have maintained their bearish view on the EUR/USD currency pair and continue to forecast a lower exchange rate in the next six-to-twelve months. The bank’s economists cite tighter financial conditions as the main reason for their forecast. In this article, we will explore the reasons behind.
Introduction The EUR/USD currency pair has been in a tug of war recently, with various factors affecting its movement. Despite the greenback starting the week on the back foot and positive news in Germany’s Producer Prices, the EUR/USD struggles to break through the 1.0700 zone. In this article, we.
The EUR/USD has extended its rebound above 1.0600, climbing to 2-day highs near 1.0670 following Thursday’s positive price action. The pair has been supported by a weaker US dollar, which has been under pressure due to concerns over the impact of the coronavirus outbreak on the US economy. The rebound.
The EUR/USD gave away part of its initial bull run, dropping to 1.0670 after a strong start to the day. The euro had initially been supported by the EMU Final Inflation Rate, which rose 0.9% MoM and 8.5% YoY in February. However, the pair struggled to maintain its momentum as.
Introduction: EUR/USD has been making headlines in the forex market as it consolidates after refreshing its intraday high. The currency pair has been on an uptrend for the past two days, with buyers remaining optimistic despite Wednesday’s big losses. This article will delve into the factors driving the recent price.
The EUR/USD currency pair has been gaining ground amidst a risk-on sentiment in the market. On Friday, the pair rose to a two-day high of 1.0665/70, reflecting the optimism around the European currency and the risk complex in general. One of the main factors driving this trend is the recent.
The EUR/USD currency pair is showing signs of life as traders await the European Central Bank’s (ECB) decision on Thursday to hike interest rates by 50 basis points. The pair partially faded Wednesday’s acute pullback and is currently trading above the 1.0600 level. The ECB’s decision is expected to be.
Introduction: The European Central Bank (ECB) is facing a critical decision regarding the planned interest rate hike amid market disruptions. The market conditions have created uncertainty and make it difficult for the ECB to make a decision. Economists at ING analyzed the possible impact on the Eurozone’s shared currency (EUR).
Introduction: The EUR/USD currency pair is trading near a multi-day top as the dollar falls on weak Treasury bond yields. The forex market has been closely monitoring the inflation data released in the US, which failed to bolster hawkish Fed bets. The euro is also gaining strength due to receding.