EUR/USD stays on the back foot and trades below 1.0450 after closing in the negative territory on Tuesday.
EUR/USD struggles to stage a rebound following Tuesday's decline. The technical outlook points to a bearish shift in the near-term bias. The Federal Reserve will release the minutes of the January policy meeting later in the day. The pair's short-term technical outlook highlights a bearish tilt. Euro PRICE This week The table below shows the percentage change of Euro against listed major currencies this week. Euro was the weakest against the Japanese Yen.
How does inflation data impact the value of the Euro? Eurozone inflation data, measured by the Harmonized Index of Consumer Prices , is an important econometric for the Euro. If inflation rises more than expected, especially if above the ECB’s 2% target, it obliges the ECB to raise interest rates to bring it back under control.
Currencies Majors Technical Analysis
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: Euro stays below key technical level ahead of FedEUR/USD lost more than 0.5% on Monday as the US Dollar (USD) benefited from the souring risk mood.
Read more »
EUR/USD Forecast: Euro sellers retain control ahead of key inflation dataEUR/USD closed in negative territory for the third consecutive day on Thursday and continued to edge lower early Friday.
Read more »
EUR/USD Forecast: No signs of life in Euro ahead of Powell testimonyEUR/USD trades in a narrow channel at around 1.0300 after posting small daily losses on Monday.
Read more »
EUR/USD Forecast: Euro buyers hesitate after Monday rallyEUR/USD gathered bullish momentum at the beginning of the week and gained more than 1% on Monday.
Read more »
EUR/USD Forecast: Euro could push higher once it clears 1.0440After rising to the 1.0450 area earlier in the session, EUR/USD lost its bullish momentum and erased its daily gains.
Read more »
EUR/USD Forecast: Euro retreats but holds above key support levelEUR/USD climbed to its highest level in over a month above 1.0450 in the early American session on Wednesday but struggled to preserve its bullish momentum.
Read more »