EUR/USD extends its losing streak as the Fed is expected to maintain higher interest rates for an extended period. US Retail Sales experienced a 0.7% increase in March, against the expected 0.3% and 0.9% prior. The dovish remarks from the ECB’s officials contribute to downward pressure on the Euro. The elevated US Dollar is exerting pressure on the EUR/USD pair, potentially influenced by the higher US Treasury yields.
She emphasized the importance of being confident that inflation is on a path toward the target before taking action. Daly also highlighted that the economy is experiencing solid growth, the labor market remains robust, and inflation is currently above the target level. The Euro depreciates following dovish remarks from European Central Bank officials on Monday.
Source: Digital Coin News (digitalcoinnews.net)
Majors Macroeconomics Eurozone
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