EUR/USD advances to 1.0740 in Friday’s European session. The major currency pair strengthens as the US Dollar (USD) is under pressure due to weak Q1 Nonfarm productivity growth and as the Federal Reserve (Fed) delivered less hawkish guidance on interest rates than feared.
EUR/USD approaches 1.0750 as the US Dollar weakens ahead of crucial US economic data. The ECB is widely anticipated to start reducing interest rates in June. The Fed sees rate cuts this year despite little progress in disinflation in the first quarter. EUR/USD advances to 1.0740 in Friday’s European session.
The expectations for the ECB achieving a “soft landing” have improved as the old continent’s economy expanded by 0.3% in the first quarter of this year, outperforming the consensus of 0.1%. Technical Analysis: EUR/USD advances toward 1.0750 EUR/USD extends its winning spell for the third trading session on Friday and is looking to move higher to near three-week high around 1.0750.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
US Dollar Tanks Ahead of Fed Verdict, NFP Data - EUR/USD, GBP/USD, USD/CADThis article explores the fundamental and the technical outlook for the U.S. dollar, zeroing in on three popular and very liquid pairs: EUR/USD, GBP/USD and USD/CAD.
Lire la suite »
EUR/USD Ripe for a Short Ahead of NFP Data Release: Key Trading Levels to MonitorMarket Overview Analysis by Investing.com (Damian Nowiszewski) covering: EUR/USD, US Dollar Index Futures. Read Investing.com (Damian Nowiszewski)'s latest article on Investing.com
Lire la suite »
EUR/USD recovers to top end of consolidation ahead of Friday’s US NFPEUR/USD drove back to the top end of recent consolidation on Thursday, recovering chart territory north of the 1.0700 handle as market risk appetite regains balance heading into another US Nonfarm Payrolls (NFP) Friday.
Lire la suite »
EUR/USD jitters post-Fed with NFP Friday over the horizonEUR/USD cycled familiar territory on Wednesday after the US Federal Reserve (Fed) held rates as many investors had expected.
Lire la suite »
US Dollar on Tenterhooks Ahead of US Jobs Data; Setups on GBP/USD, EUR/USDThis article provides an in-depth examination of the U.S. dollar's fundamental and technical outlook, considering various scenarios that could unfold after the April U.S. jobs report is released.
Lire la suite »
Markets Week Ahead: Gold Spikes, Dollar Soars, EUR/USD and GBP/USD SlumpThe US dollar powered ahead in the second half of the week after the latest CPI reading showed US nudging higher.
Lire la suite »