The resurgence of some bearish sentiment in the US Dollar (USD) sparked a noticeable reaction in EUR/USD, sending it to the area of two-day highs around 1.0780 on Thursday.
EUR/USD regained upside impetus and revisited 1.0780. The Greenback traded on the defensive amidst lower yields. The ECB ’s de Guindos said there is no rate path beyond June. The resurgence of some bearish sentiment in the US Dollar sparked a noticeable reaction in EUR/USD, sending it to the area of two-day highs around 1.0780 on Thursday.
In relation to the ECB, recent statements from rate setters have hinted at an increasing likelihood of the bank commencing its easing programme in June, although uncertainties persist regarding the ECB’s future decisions beyond the summer. On the latter, de Guindos remarked earlier on Thursday that the ECB is cautious to predict any trend beyond June.
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