EUR/USD tumbled back into recent lows below 1.0750 on Thursday, paring away recent gains as confidence in the Euro (EUR) flounders on the back of EU political instability.
EUR/USD erases recent gains to fall back into technical weak zone. Euro under pressure as political turmoil shakes markets. Greenback bolstered by risk-off flows as US data misses the mark. EUR/USD tumbled back into recent lows below 1.0750 on Thursday, paring away recent gains as confidence in the Euro flounders on the back of EU political instability.
US Dollar flows spiked higher on Thursday after US PPI figures eased quicker than forecasts, and US Initial Jobless Claims flagged a faster-than-expected uptick in new unemployment claims. Markets are now pivoting to Friday’s University of Michigan Consumer Sentiment Index for June, which is forecast to rise to 72.0 from 69.1.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
EUR/USD Forecast: EUR/USD holds in range after a disappointing US ADP surveyFinancial markets were mostly quiet throughout the first half of the day, with the US Dollar achieving modest intraday gains amid prevalent caution.
Read more »
EUR/USD Forecast: EUR/USD steady sub-1.0900 ahead of fresh cluesThe EUR/USD saw little action on Monday, hovering around the 1.0860 mark for most of the day.
Read more »
EUR/USD staggers back from recent highs after Greenback bids resurfaceEUR/USD declined around a quarter of a percent on Tuesday after market sentiment soured following US dataprints that pushed markets back into risk-off bids into the Greenback.
Read more »
EUR/USD slipped on Thursday after Greenback pares some lossesEUR/USD eased slightly on Thursday, falling back below 1.0880 as the Greenback broadly recovers losses from earlier in the week.
Read more »
EUR/USD: Road to 1.10 in Motion Amid Greenback's Dwindling MomentumForex Analysis by Fawad Razaqzada covering: EUR/USD, Copper Futures, US Dollar Index. Read Fawad Razaqzada's latest article on Investing.com
Read more »
EUR/USD reaches for 1.0900, easing US CPI inflation pummels GreenbackEUR/USD climbed on Wednesday in one of the pair’s single-best days of 2024, climbing towards 1.0900 and on pace to etch in a fourth consecutive gain week.
Read more »