The resurgence of upward pressure on the US Dollar (USD) observed on turnaround Tuesday sparked a marked pullback in EUR/USD, dragging it to multi-day lows near 1.0680.
EUR/USD resumed the decline and broke below 1.0700. The Greenback rebounded amidst higher yields ahead of FOMC. EMU advanced CPI remained sticky in April. The resurgence of upward pressure on the US Dollar observed on turnaround Tuesday sparked a marked pullback in EUR/USD, dragging it to multi-day lows near 1.0680.
Recent remarks from ECB board members have suggested the possibility of the ECB starting its easing cycle in June, sparking speculation about three interest rate cuts for the remainder of the year. Looking ahead, the relatively muted economic fundamentals in the Eurozone, coupled with the resilience of the US economy, reinforce expectations for a stronger Dollar in the medium term, especially considering the growing likelihood of the ECB cutting rates before the Fed.
Currencies Recommended Fed ECB
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
EUR/USD Forecast: The next target emerges at the 200-day SMAThe renewed downside momentum of the US Dollar (USD) prompted a decent reaction in EUR/USD on Thursday, extending the recent recovery to the 1.0740 region, or two-week tops.
Les mer »
EUR/USD Forecast: Next relevant hurdle comes at the 200-day SMAA decent bounce in EUR/USD left behind six consecutive daily drops, including a new YTD bottom near 1.0600 the figure, regaining the mid-1.0600s in response to some loss of impetus in the Dollar’s rally.
Les mer »
EUR/USD Forecast: Door open to further weakness near termFor the sixth consecutive session, EUR/USD continued to face downward pressure, slipping to levels near 1.0600 and marking new lows for 2024 amidst the ongoing strength of the US Dollar (USD).
Les mer »
EUR/USD Forecast: Further losses remain on the tableEUR/USD remained on the back foot for the third straight session, easing to levels just below 1.0700 the figure and disputing the 2024 lows, always amidst the extra advance in the US Dollar (USD).
Les mer »
EUR/USD Price Analysis: Manages to hold above 200-hour SMA ahead of Eurozone CPI, FOMCThe EUR/USD pair meets with some supply during the Asian session on Tuesday and erodes a part of the previous day's gains amid the emergence of fresh US Dollar (USD) buying.
Les mer »
AUD/USD Forecast: Further up comes the 200-day SMAOn Tuesday, further selling pressure on the US Dollar (USD) sparked another notable rebound in AUD/USD to the proximity of the 0.6500 hurdle, adding to Monday’s optimism and reaching new multi-day peaks.
Les mer »