EUR/USD eases below 1.0850 as ECB hawks step back, Fed bets increase amid cautious optimism – by anilpanchal7 EURUSD RiskAppetite ECB Fed FiscalPolicy
ECB’s Lagarde tries to defend hawkish bias but says to have covered large chunk of journey toward taming inflation.
US President Joe Biden’s comments on Sino-American ties, US debt ceiling favor recent sentiment and US Dollar.extends pullback from intraday high as it drops to 1.0810 heading into Monday’s European session. That said, the Euro pair’s latest rebound could be linked to the cautious optimism surrounding the US-China ties, as well as hopes of witnessing no US default.
Earlier in the day, ECB President Christine Lagarde crossed wires via an interview on the Buitenhof TV show aired Sunday wherein she said, “I think we covered a large chunk of the journey toward taming inflation and bringing it back to our target.”
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