EUR/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).
EUR/USD came just pips away from the YTD low in the sub-1.0700 zone. The US Dollar extended its gains to new yearly tops. The ECB kept rates on hold and signalled a probable cut in June. EUR/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 .
In light of this development, there has been a shift in perception regarding the Federal Reserve , which is now anticipated to initiate its easing cycle later than previously projected, potentially in the fourth quarter. Concurrently, speculation arises that the ECB might embark on interest rate reductions during the summer months.
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