The indecisive movement of the US Dollar (USD) seems to have been enough to bolster the continuation of the march north in EUR/USD at the beginning of the week.
EUR/USD’s bullish move faltered just ahead of 1.0800. The US Dollar traded in an inconclusive tone post-NFP. The focus shifted to Fed speakers and data. The indecisive movement of the US Dollar seems to have been enough to bolster the continuation of the march north in EUR/USD at the beginning of the week. The pair, however, failed to retest or surpass the key 1.0800 barrier amidst its fourth consecutive daily advance.
Meanwhile, US yields continued their descent, while the broader macroeconomic landscape continued to highlight the disparity in monetary policies between the Fed and other G10 central banks, notably the European Central Bank . Recent statements from ECB board members hinted at the possibility of the ECB initiating its easing cycle in June, fueling speculation about three interest rate cuts for the rest of the year.
Recommended Currencies ECB Fed
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: Further losses likely below the 200-day SMAThe resurgence of upward pressure on the US Dollar (USD) observed on turnaround Tuesday sparked a marked pullback in EUR/USD, dragging it to multi-day lows near 1.0680.
Read more »
EUR/USD Forecast: The next target emerges at the 200-day SMAThe renewed downside momentum of the US Dollar (USD) prompted a decent reaction in EUR/USD on Thursday, extending the recent recovery to the 1.0740 region, or two-week tops.
Read more »
EUR/USD Forecast: Next relevant hurdle comes at the 200-day SMAA decent bounce in EUR/USD left behind six consecutive daily drops, including a new YTD bottom near 1.0600 the figure, regaining the mid-1.0600s in response to some loss of impetus in the Dollar’s rally.
Read more »
EUR/USD Price Analysis: Manages to hold above 200-hour SMA ahead of Eurozone CPI, FOMCThe EUR/USD pair meets with some supply during the Asian session on Tuesday and erodes a part of the previous day's gains amid the emergence of fresh US Dollar (USD) buying.
Read more »
EUR/USD Forecast: Bulls timidly adding, aim for 1.0900The EUR/USD pair posts modest gains on Monday, trading in the 1.0780 price zone ahead of Wall Street’s opening.
Read more »
EUR/USD Forecast: Euro bulls could retain control while 1.0750 holds as supportEUR/USD fluctuates in a tight channel slightly above 1.0750 early Monday after closing the previous week in positive territory.
Read more »