The US Dollar (USD) managed to extend its weekly recovery and maintain the risk complex under heightened pressure on Wednesday, dragging EUR/USD to fresh five-day lows near the 1.0820 region.
EUR/USD dropped to multi-day lows near 1.0820. The US Dollar picked up extra pace amidst higher yields. Fed speakers remain on the cautious side regarding rate cuts. The US Dollar managed to extend its weekly recovery and maintain the risk complex under heightened pressure on Wednesday, dragging EUR/USD to fresh five-day lows near the 1.0820 region.
In the meantime, the unchanged monetary policy landscape highlights the firm divergence between the Federal Reserve and other G10 central banks, particularly the European Central Bank . Regarding the ECB, President Christine Lagarde expressed strong confidence in controlling Eurozone inflation, attributing this to the gradual resolution of the energy crisis and the easing of supply chain bottlenecks.
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