EUR/USD eases below 1.0700 as Fed Chair Powell’s Testimony looms – by anilpanchal7 EURUSD ECB Fed Inflation RiskAppetite
the broad US Dollar weakness in the last two days to poke the highest levels in a fortnight. However, the cautious mood ahead of this week’s top-tier events seems to challenge the bulls of late.
Apart from the broad US Dollar weakness, hawkish comments from the European Central Bank officials also allowed to remain firmer. It’s worth noting that softer data at home contrasts with an improvement in the US statistics to probe the pair’s upside momentum and challenge the immediate moves. prints mild gains around 104.40 to snap a two-day downtrend. In doing so, the greenback’s gauge versus the six major currencies traces the recent rebound in the US Treasury bond yields.
US 10-year Treasury bond yields initially dropped to a one-week low of 3.897% on Monday before ending the day with mild gains near 3.96%, staying around the same level by the press time. On the same line, the two-year counterpart ended Monday’s North American trading session with 0.60% intraday gains at 4.88%, mostly unchanged at the latest. Sentix Investor Confidence index worsens to -11.1 in March from -8.0 in February and -8.6 expected.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
EUR/USD: Scope for dips below the 1.06 level into the middle of the year – RabobankEconomists at Rabobank discuss EUR and USD outlook. The EUR/USD pair is seen below the 1.06 mark by June. Moderately softer USD into year-end “The haw
Leer más »
EUR/USD: Weekly Forecast 5th March - 11th MarchThe EURUSD finished last week on a positive note providing some upwards momentum for bullish speculators, but plenty of concerns shadow the currency pair-
Leer más »
Pairs in Focus This Week \u2013 GBP/USD, EUR/USD, Gold, USD/JPYGet the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of march 5th, 2022 here.
Leer más »
EUR/USD Price Analysis: Bulls eye a test of bear's commitments near 1.0700EUR/USD was supported on Friday as the US Dollar fell and was headed for the largest weekly loss since mid-January against a basket of six major curre
Leer más »
EUR/USD Price Analysis: 100-SMA probes buyers amid sluggish start to the key weekEUR/USD Price Analysis: 100-SMA probes buyers amid sluggish start to the key week EURUSD Technical Analysis SwingTrading SupportResistance ChartPatterns
Leer más »
EUR/USD faces further consolidation near term – UOBUOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang see EUR/USD navigating within the 1.0530-1.0700 range in the next few weeks. K
Leer más »