EUR/USD shed weight on Thursday, falling back into the 1.0900 key handle amid a broad-market recovery in Greenback bidding.
EUR/USD backlides to 1.0900 handle on Thursday as US Dollar flows recover lost ground. The ECB held rates steady on Thursday as policymakers keep watching for inflation. Fiber traders to turn toward next week’s pan-EU inflation figures. An uptick in weekly US jobless claims helped to further support hopes for a September rate cut from the Fed eral Reserve , while the European Central Bank balked in the face of lopsided economic data and opted to keep rates on hold for the time being.
A shortside push could see the pair tumbling back to June’s recent lows below 1.0700. EUR/USD hourly chart EUR/USD daily chart Euro FAQs What is the Euro? The Euro is the currency for the 20 European Union countries that belong to the Eurozone. It is the second most heavily traded currency in the world behind the US Dollar. In 2022, it accounted for 31% of all foreign exchange transactions, with an average daily turnover of over $2.2 trillion a day.
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