EUR/USD eyes 1.0700 as ECB expects no calm in rates as German Inflation picks air – by Sagar_Dua24 EURUSD ECB Fed Inflation PMI
The Fed needs not to be in a hurry to calm down the policy-tightening spell.The EUR/USD pair
has retreated to near 104.00 after failing to extend recovery above 104.20, portraying mix market mood. Meanwhile, the demand for US government bonds remained extremely weak, which led to a jump in the 10-year US Treasury yields to 4%.expected the central bank to push the terminal rate to the 5.00%-5.25% range as the United States Consumer Price Index is extremely sticky. Apart from that, the Fed policymaker expects the central bank to keep the elevated terminal rate stable well into 2024.
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