EUR/USD traded within familiar levels on Wednesday, keeping the Fiber trapped in near-term consolidation just north of 1.0700 as Euro traders hunker down for the wait to meaningful data releases.
EUR/USD churns near 1.0720 as market flows buckle down for the wait to key data. Wednesday has a limited data docket on the offer. Investors look ahead to Friday’s packed data docket. Momentum is set to remain thin as markets await fresh data to drive market flows beginning on Thursday.
EUR/USD is the most heavily traded currency pair in the world, accounting for an estimated 30% off all transactions, followed by EUR/JPY , EUR/GBP and EUR/AUD . What is the ECB and how does it impact the Euro? The European Central Bank in Frankfurt, Germany, is the reserve bank for the Eurozone. The ECB sets interest rates and manages monetary policy. The ECB’s primary mandate is to maintain price stability, which means either controlling inflation or stimulating growth.
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: Topside for EUR/USD is very limited – Societe GeneraleThis morning’s IFO data confirm what the PMIs told us – expectations are down, FX strategist Kit Juckes at Societe Generale notes.
Read more »
EUR/USD Forecast: EUR/USD holds in range after a disappointing US ADP surveyFinancial markets were mostly quiet throughout the first half of the day, with the US Dollar achieving modest intraday gains amid prevalent caution.
Read more »
EUR/USD escapes Wednesday’s holiday volatility trap, set for wait to meaningful dataEUR/USD cycled on Wednesday with US markets out for a midweek holiday, and the Fiber heads into the back half of the trading week with mid-tier data on the offering, leaving investors to look ahead to Friday’s Purchasing Managers Index (PMI) activity figures for meaningful data releases to drive sentiment in either direction.
Read more »
EUR/USD softly higher, but technical pressures persist heading into lopsided WednesdayEUR/USD is drifting slowly higher in tepid market conditions heading into a quiet Wednesday that sees low-impact EU data and darkened US markets for a midweek holiday shutdown.
Read more »
EUR/USD recovered ground on Wednesday, but hits ceiling post-FOMCEUR/USD launched higher on Wednesday, climbing after broad-market risk appetite surged following a cooler-than-expected print in US Consumer Price Index (CPI) inflation, but a hawkish tilt to the Federal Reserve’s latest update to its dot plot of interest rate expectations crimped market sentiment to round out the day.
Read more »
EUR/USD churns chart paper but makes little progress ahead of Wednesday’s German CPI inflationEUR/USD rose to an intraday high near 1.0890 on Tuesday before market flows dragged the pair back down to familiar levels near 1.0860, and the pair is holding on-balance as Euro traders head into a fresh print of German Consumer Price Index (CPI) inflation.
Read more »