💶 EUR/USD suffered large losses on Wednesday and dropped to its weakest level in nearly a week at 1.0800 during the Asian trading hours on Thursday. Read more about the Euro here! ⬇️
hough the pair recovered back above 1.0900 in the early European morning, it is finding it difficult to gather bullish momentum.Chairman Jerome Powell
Meanwhile, inflation in Spain, as measured by the change in Consumer Price Index , rose 0.6% on a monthly basis in June after having stayed unchanged in May. This reading came in higher than the market expectation for an increase of 0.3% and helped the Euro hold its ground early Thursday.to rise 6.7%. The monthly Harmonized Index of Consumer Prices , the ECB's preferred gauge of inflation, is expected to increase 0.3% following the 0.2% decrease recorded in May.
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