EUR/USD continues its downward trend for the fourth consecutive day, driven by a stronger US Dollar (USD) influenced by the hawkish market sentiment surrounding the Federal Reserve (Fed) and expectations of prolonged higher interest rates.
EUR/USD depreciates on hawkish sentiment surrounding the US Fed. Fed’s Waller hinted at a delay in interest rate cuts due to stronger inflation figures. ECB’s Villeroy suggested that the ECB's inflation goal of 2% is attainable. EUR/USD continues its downward trend for the fourth consecutive day, driven by a stronger US Dollar influenced by the hawkish market sentiment surrounding the Federal Reserve and expectations of prolonged higher interest rates.
0%, slightly below both the expected and previous reading of 2.1%. Additionally, US Initial Jobless Claims decreased to 210,000 in the week ending March 22, contrary to expectations for an increase to 215,000 from the previous 212,000. The Euro encounters difficulties following dovish remarks from European Central Bank policymaker Francois Villeroy. Villeroy noted a rapid decline in core inflation, albeit it remains high.
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