EUR/USD fits below 1.0700 post weak Eurozone Retail Sales and upbeat US Dollar EURUSD ECB Fed Inflation RetailSales
Contrary to that, the demand for US government bonds has increased ahead of voting for US debt-ceiling bill in Parliament. This has led to a fall in 10-year US Treasury yields to near 3.68%. A poll from Reuters showed that neither US President Joe Biden's Democrats nor Republicans in Congress emerged as a clear winner in the battle to raise the $31.4 trillion debt ceiling.
It seems that firms in the United States region are facing the wrath of higher interest rates by the Federal Reserve and tight credit conditions by US regional banks, which has led to a decline in their overall productivity. In spite of contracting activities, the European Central Bank is expected to raise interest rates further to tame stubborn inflation. European Central Bank President ChristineEconomists at Nomura expect the European Central Bank to raise
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