EUR/USD continues its decline for the second consecutive day, hovering around 1.0650 during Asian trading hours on Wednesday.
EUR/USD depreciates due to risk-off sentiment ahead of the Fed interest rate decision on Wednesday. The stronger Employment Cost Index bolstered the strength of the US Dollar. The Euro failed to appreciate the robust Eurozone data released on Tuesday. With European markets largely closed for Labour Day, investors are expecting the Fed eral Reserve's latest policy decision.
These releases are likely to offer additional insights into the current state of the US economy. On the Eurozone front, the Euro failed to sustain its gains despite robust Eurozone data released on Tuesday. The Eurozone Gross Domestic Product expanded by a higher than expected 0.3% in the first quarter.
Majors Macroeconomics Eurozone Fed
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.
US Dollar Tanks Ahead of Fed Verdict, NFP Data - EUR/USD, GBP/USD, USD/CADThis article explores the fundamental and the technical outlook for the U.S. dollar, zeroing in on three popular and very liquid pairs: EUR/USD, GBP/USD and USD/CAD.
Read more »
EUR/USD falls back amid uncertainty ahead of Eurozone data, Fed policyThe EUR/USD pair struggles to sustain above the round-level resistance of 1.0700 in Monday’s European session.
Read more »
EUR/USD Forecast: Bulls aiming for 1.0900 ahead of Fed speakersThe EUR/USD pair extends its recovery beyond 1.0850 on Thursday, as market players keep dropping the US Dollar, while the Euro benefited from signs of life in the local economy.
Read more »
EUR/USD IG Client Sentiment: Our data shows traders are now net-short EUR/USD for the first time since Mar 21, 2024 when EUR/USD traded near 1.09.Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/USD-bullish contrarian trading bias.
Read more »
EUR/USD Forecast: US Dollar advances as markets anticipate a hawkish FedThe EUR/USD pair keeps trading within familiar levels around the 1.0700 mark as market players refrain from placing strong bets ahead of first-tier United States (US) events.
Read more »
EUR/USD Price Analysis: Tests the major level of 1.0650; followed by the nine-day EMAEUR/USD remains lackluster during the Asian trading hours on Tuesday, hovering near 1.0650.
Read more »