The US Dollar’s (USD) inconclusive price action sparked an equally vacillating move in EUR/USD on Thursday, always surrounding the 1.0700 neighbourhood.
EUR/USD maintained its consolidative theme around 1.0700. The US Dollar alternated gains with losses post Fed ’s rate decision. The upcoming NFP should add to speculations around the timing of rate cuts. The US Dollar’s inconclusive price action sparked an equally vacillating move in EUR/USD on Thursday, always surrounding the 1.0700 neighbourhood.
Meanwhile, US yields maintained their decline, while the broader macroeconomic landscape kept pointing to the divergence in monetary policies between the Fed and other G10 central banks, particularly the European Central Bank . Recent statements from ECB board members suggested the possibility of the ECB initiating its easing cycle in June, sparking speculation about three interest rate cuts for the remainder of the year.
Recommended Currencies Fed ECB
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: Buyers hesitate, bearish below 1.0800The EUR/USD pair trades with a softer tone on Monday, down a handful of pips from its daily opening at 1.0835.
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: Euro turns bearish ahead of Fed policy announcementsEUR/USD came under heavy bearish pressure in the American session on Tuesday and closed the day sharply lower.
Read more »
EUR/USD Forecast: Lifeless as the Federal Reserve's announcement loomsFinancial markets are pretty quiet this Wednesday, as most markets remain closed amid the Labor Day holiday.
Read more »
EUR/USD Forecast: Next on the upside comes 1.0750The resurgence of downward pressure on the US Dollar (USD) encouraged EUR/USD to trim Tuesday’s losses and reclaim the area well beyond the 1.0700 hurdle on Wednesday.
Read more »
EUR/USD Forecast: Euro needs to clear 1.0750 to extend reboundEUR/USD gained traction to start the week and stabilized in positive territory above 1.0700.
Read more »