EUR/USD battles to keep the trade above the 1.0700 mark, looks at US PCE – by pabspiovano EURUSD Currencies Majors
and will likely be impacted by any differences in approach between the Fed and the ECB with regards to their plans for adjusting interest rates.
Moving forward, hawkish ECB-speak continue to favour further rate hikes, although this view appears in contrast to some loss of momentum in economic: Germany Final Q1 GDP Growth Rate, GfK Consumer Confidence – Italy, France Consumer Confidence .: Continuation of the ECB hiking cycle in June and July . Impact of the Russia-Ukraine war on the growth prospects and inflation outlook in the region. Risks of inflation becoming entrenched.So far, the pair is gaining 0.15% at 1.0741 and a break above 1.
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