EUR/USD climbs to 4-week highs past 1.0730, dollar remains offered – by pabspiovano EURUSD Currencies Majors
The greenback remains on the defensive and drops to 7-month lows.Bulls push harder at the beginning of the week and liftEUR/USD bolstered by risk-on sentiment, weaker dollar
This change of perspective from market participants have been reignited soon after the publication of the December’slast Friday. Indeed, while the mixed tone from the monthly US labour market showed a still healthy job creation, the wage growth seems to have lost some momentum and that is what is leading traders to start pricing in some probable pause in the Fed’s hiking cycle.in the broader Euroland remained at 6.
In addition, the next steps regarding monetary policy – and particularly the ongoing tightening cycles - from both the ECB and the Fed will be crucial in determining the direction of the pair’s price action in the next months. Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.
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