A resurgence of bearish sentiment in the US Dollar (USD) prompted a strong response in EUR/USD, pushing it towards multi-day tops north of 1.0800 the figure at the beginning of the week.
EUR/USD managed to surpass the 1.0800 barrier on Monday. The Greenback started the week on the defensive amidst lower yields. Investors’ focus is on the upcoming US inflation data. A resurgence of bearish sentiment in the US Dollar prompted a strong response in EUR/USD, pushing it towards multi-day tops north of 1.0800 the figure at the beginning of the week.
Regarding the ECB, recent statements from policymakers have suggested an increasing likelihood of the bank starting its easing programme in June, although uncertainties persist regarding the ECB’s future decisions beyond the summer. On this note, de Guindos remarked earlier on Thursday that the ECB is cautious about predicting any trend beyond June.
Recommended Currencies ECB 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.
EUR/USD Forecast: Immediate target appears at the 200-day SMAEUR/USD struggles to regain impetus after Thursday’s marked advance, while a test of the key resistance area around 1.080 still remains elusive.
Read more »
EUR/USD Forecast: The hunt for the 200-day SMAThe indecisive movement of the US Dollar (USD) seems to have been enough to bolster the continuation of the march north in EUR/USD at the beginning of the week.
Read more »
EUR/USD Forecast: Further losses likely below the 200-day SMAThe resurgence of upward pressure on the US Dollar (USD) observed on turnaround Tuesday sparked a marked pullback in EUR/USD, dragging it to multi-day lows near 1.0680.
Read more »
EUR/USD Forecast: The next target emerges at the 200-day SMAThe renewed downside momentum of the US Dollar (USD) prompted a decent reaction in EUR/USD on Thursday, extending the recent recovery to the 1.0740 region, or two-week tops.
Read more »
EUR/USD Forecast: Next relevant hurdle comes at the 200-day SMAA decent bounce in EUR/USD left behind six consecutive daily drops, including a new YTD bottom near 1.0600 the figure, regaining the mid-1.0600s in response to some loss of impetus in the Dollar’s rally.
Read more »
EUR/USD Forecast: Extra weakness exposes a move to 1.0500For the fifth consecutive session, EUR/USD remained under pressure, sliding to levels around the 1.0620 zone and reaching new 2024 lows amidst continued strength in the US Dollar (USD).
Read more »