EUR/USD edges higher to 1.0750 in Wednesday’s European session ahead of the United States (US) Consumer Price Index (CPI) data for May and the Federal Reserve’s (Fed) interest rate decision, which are scheduled for the American session.
EUR/USD finds support near 1.0710 but the outlook remains uncertain ahead of an eventful New York session. The US CPI and the Fed ’s dot plot will provide cues about the time frame and number of rate cuts this year. ECB policymakers refrain from providing a specific interest-rate path. EUR/USD edges higher to 1.
This 'noise' is not very meaningful, and hence we are still more 'outlook driven' and will look still more closely at the inflation forecast,” Villeroy added, according to Reuters. Technical Analysis: EUR/USD returns inside triangle formation EUR/USD finds temporary support after sliding to an almost five-week low near 1.0710.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
EUR/USD Forecast: EUR/USD steady sub-1.0900 ahead of fresh cluesThe EUR/USD saw little action on Monday, hovering around the 1.0860 mark for most of the day.
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 IG Client Sentiment: Our data shows traders are now net-long EUR/USD for the first time since May 30, 2024 13:00 GMT when EUR/USD traded near 1.08.Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/USD-bearish contrarian trading bias.
Read more »
EUR/USD IG Client Sentiment: Our data shows traders are now net-long EUR/USD for the first time since May 09, 2024 when EUR/USD traded near 1.08.Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/USD-bearish contrarian trading bias.
Read more »
EUR/USD edges higher above 1.0850 ahead of US ISM PMI dataThe EUR/USD pair extends the upside around 1.0850 on Monday during the early Asian session.
Read more »
EUR/USD edges down amid caution ahead of ECB’s policy decision, US data-packed weekEUR/USD struggles to sustain above 1.0850 in Monday’s European session.
Read more »