The EUR/USD pair rallied to the highest level since May 11th ahead of the upcoming Euro area consumer inflation data.
Enter your emailThe pair will likely keep rising as investors target the key resistance at 1.0650. Timeline: 1-2 days.pair rallied to the highest level since May 11th ahead of the upcoming Euro area consumer inflation data.
The loudest voice came on Tuesday when the head of the Dutch central bank said that the bank should consider a 0.50% rate increase in July. If this happens, it will be the biggest single interest rate hike that the bank has implemented ever. While these numbers are important, they will likely be similar to the preliminary data that Eurostat published two weeks ago. As such, they will not have a major impact on the EUR/USD pair.
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