The $EURUSD exchange rate tilted lower as the US dollar index (DXY) bounced back and stocks retreated.
Focus now shifts to the upcoming European GDP numbers scheduled for Wednesday.The EUR/USD price pulled back during the US session as the market reacted to a series of robust economic data from the United States. On Friday, data showed that the labor market was still strong despite the rising interest rates.
The US dollar also rose after the strong US non-manufacturing PMI numbers were published on Monday. This report came a few hours after the WSJ published a report in which it predicted that interest rates will need to rise above 5% in 2023. West Texas Intermediate droppe to $73.81 while Brent tumbled to $79.17. Similarly, natural gas prices have dropped recently.
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 Forex Signal: Stellar US Data Point to Higher Fed HiThe EUR/USD price retreated as concerns about the pace of Fed\u2019s rate hikes continued.
Read more »
EUR/USD climbs to fresh daily top, around 1.0530 area amid renewed USD sellingThe EUR/USD pair attracts fresh buying on Tuesday and for now, seems to have stalled the previous day's retracement slide from the vicinity of the 1.0
Read more »
EUR/USD remains on the defensive below 1.0500, moves little post-German Factory OrdersThe EUR/USD pair surrenders its modest intraday gains to the 1.0520 area and refreshes the daily low during the early European session. Spot prices re
Read more »
EUR/USD bulls move in despite corrective US DollarEUR/USD is perched at the upper end of the bull cycle that started at the end of September's business on the US Dollar's weakness. At 1.0507, the Euro
Read more »
EUR/USD Price Analysis: Further downside needs validation from 1.0480EUR/USD Price Analysis: Further downside needs validation from 1.0480 – by anilpanchal7 EURUSD Technical Analysis ChartPatterns SwingTrading SupportResistance
Read more »
EUR/USD steadies near 1.0500 after reversing from multi-day high, Fed vs. ECB concerns eyedEUR/USD steadies near 1.0500 after reversing from multi-day high, Fed vs. ECB concerns eyed – by anilpanchal7 EURUSD ECB Fed RiskAppetite Currencies
Read more »