EUR/USD retreats from three-week high towards 1.0750 as Fed vs. ECB battle intensifies – by anilpanchal7 EURUSD ECB Fed Inflation InterestRate
Mostly downbeat German, EU data fails to lure bears as US inflation challenges Fed’s rate hike.
On Tuesday, final readings of Germany’s inflation for May, per the Harmonized Index of Consumer Prices , remain unchanged at 6.3% YoY. Further, the German ZEW Survey unveiled that the Economic Sentiment Index offered a positive surprise in June by rising to -8.5 from -10.7 prior, versus beating the market expectation of -13.0. Though, the Current Situation Index nosedived to -56.5 from -34.8 prior, versus analysts’ estimations of -40.0.
Against this backdrop, Wall Street benchmarks rose for the second consecutive day but the US Treasury bond yields remain firmer. That said, the US 10-year Treasury bond yields rose to a 13-day high of 3.83% whereas the two-year counterpart poked the highest levels in three months with 4.70% mark before easing to 4.67% in the last hours. It should be noted that the S&P500 Futures remain indecisive of late as it portrays the market’s cautious mood.
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 Price Analysis: Rising wedge lures Euro bears as Fed, ECB decisions loom, 1.0720 eyedEUR/USD takes offers to refresh intraday low as it prints mild losses near 1.0745 while extending the previous day’s fall amid early Monday. In doing
Les mer »
EUR/USD to grind higher as Fed-ECB policy gap is set to narrow – SocGenEconomists at Société Générale analyze EUR/USD outlook ahead of a monumental week for monetary policy decisions. ECB statement and press conference to
Les mer »
EUR/USD: Euro strength of the next few months should not last – CommerzbankEconomists at Commerzbank discuss EUR/USD direction depending on ECB and Fed policy outlooks. EUR/USD first up, then down We see upside potential for
Les mer »
EUR/USD Price Analysis: Rallies to near 1.0780 amid cheerful market mood, ECB-Fed policy in focusThe EUR/USD pair has displayed a vertical recovery from 1.0740 in the European session. The major currency pair has shifted into a bullish trajectory
Les mer »
EUR/USD edges higher past 1.0750 as ECB garners more hawkish bets than Fed, German/US inflation eyedEUR/USD edges higher past 1.0750 as ECB garners more hawkish bets than Fed, German/US inflation eyed – by anilpanchal7 EURUSD Inflation ECB Fed RiskAversion
Les mer »
EUR/USD: Upward momentum gathers pace – UOBUOB Group’s Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia note the upside bias in EUR/USD seems to be picking up pace. Key Quo
Les mer »