EUR/USD benefited from the modest selling pressure surrounding the US Dollar (USD) and closed in positive territory on Monday.
EUR/USD trades above 1.0750 after closing in positive territory on Monday. Producer inflation data from the US will be watched closely by market participants. Fed Chairman Jerome Powell is scheduled to deliver a speech later in the day. EUR/USD benefited from the modest selling pressure surrounding the US Dollar and closed in positive territory on Monday. The pair stays relatively quiet below 1.0800 early Tuesday ahead of key events.
Otherwise, if economic data is weak, the Euro is likely to fall. Economic data for the four largest economies in the euro area are especially significant, as they account for 75% of the Eurozone’s economy. How does the Trade Balance impact the Euro? Another significant data release for the Euro is the Trade Balance. This indicator measures the difference between what a country earns from its exports and what it spends on imports over a given period.
Currencies Majors Technical Analysis
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.
EUR/USD Forecast: Euro stabilizes but remains fragileEUR/USD fell 1.8% in the previous week and registered its biggest one-week loss since September 2022.
Lire la suite »
EUR/USD Forecast: Euro shows no signs of life despite oversold conditionsFollowing a short-lasting recovery attempt during the European trading hours, EUR/USD lost its traction and closed the first trading day of the week in negative territory.
Lire la suite »
EUR/USD Forecast: Euro needs to clear 1.0660 to extend recoveryEUR/USD holds steady above 1.0600 early Wednesday after posting small losses on Tuesday.
Lire la suite »
EUR/USD Forecast: Euro looks to extend recovery beyond 1.0700EUR/USD gained traction and closed in positive territory on Wednesday, snapping a six-day losing streak.
Lire la suite »
EUR/USD Forecast: Geopolitical uncertainy could cap Euro's reboundEUR/USD declined toward 1.0600 in the early Asian session on Friday but managed to recover to the 1.0650 area.
Lire la suite »
Euro Weekly Forecast: Geopolitics and Heavyweight US Data Will Run EUR/USD Next WeekThe European Central Bank has made it clear that interest rates are coming down, with the June meeting very much a live event, but the Middle East crisis and a slew of high US data will control EUR/USD next week.
Lire la suite »