EUR/USD bulls again aim for 1.1280 as US Dollar weakness supersede Eurozone economic concerns – by anilpanchal7 EURUSD ECB Fed RiskAversion Macroeconomics
That said, Reuters’ analysis highlights the multi-year high inflation and Ukrainian war to mark the grim employment conditions in the bloc and prod the optimism surrounding the Eurozone. On the same line, European Central Bank Governing Council member Yannis Stournaras told CGTN Europe on Wednesday that he wasn't sure whether the would hike rates again after 25 bps increase next week.
On the contrary, US Dollar Index drops 0.25% intraday to retest the 100.00 round figure while snapping a two-day rebound from the lowest level since April 2022. With this, the greenback justifies the previous day’s downbeat US housing data and mixed concerns about the Fed, as well as ignores the optimism at the US banks.
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