EUR/USD trades in positive territory for the third consecutive day on the lower Treasury bond yields. European Central Bank (ECB) Vice President Luis de Guindos said Eurozone economic growth will remain weak in the near term. Fed Chair Jerome Powell reiterated that the Fed will hike rates again if deemed necessary to bring inflation to the 2% target. Investors will closely watch the Eurozone growth numbers, and US inflation data on Tuesday. The EUR/USD pair climbs to 1.
0700 during the early Asian session on Tuesday. The lower US Treasury bond yields weigh on the US Dollar (USD) and lend some support to the pair. However, the fear of recession in the Eurozone might capped the upside of the Euro. The major pair currently trades around 1.0700, up 0.01% on the day. The European Central Bank (ECB) Vice President Luis de Guindos said that Eurozone economic growth will remain weak in the near term. He further stated that there are signs that the labor market is beginning to weake
EUR/USD Treasury Bond Yields European Central Bank Eurozone Economic Growth US Dollar Inflation Recession Labor Market
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