Mixed concerns, pullback in US Treasury yields and the DXY keep traders on their toes.Wednesday’s key US inflation, speech from ECB’s Lagarde could infuse volatility.
Growing concerns over the surging inflation’s negative impact on economic growth and the central bankers' struggle to maintain the inflation and growth system triggered the risk-off mood on Monday. Not only the grim growth outlook but downbeat prints ofInvestor Confidence, -22.6 for May versus -20.8 expected and -18 prior, also weighed on the EUR/USD prices the previous day.
Also likely to have eased the pessimism are comments from China’s Vice Premier Liu He who reiterates the country’s dynamic covid zero policy.
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