EUR/USD renews monthly top near 1.1000 on hawkish ECB concerns, Fed Powell’s unimpressive testimony

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EUR/USD renews monthly top near 1.1000 on hawkish ECB concerns, Fed Powell’s unimpressive testimony
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EUR/USD renews monthly top near 1.1000 on hawkish ECB concerns, Fed Powell’s unimpressive testimony – by anilpanchal7 EURUSD ECB Fed Inflation RiskAversion

ily jump in a week the previous day. That said, the Euro pair’s latest gains could be linked to the market’s appraisal of the hawkish bias at, as well as a dull acceptance of the otherwise upbeat statements from Federal Reserve Chairman Jerome Powell’s bi-annual testimony.

It’s worth noting, however, that ECB policymaker Peter Kazimir said on Wednesday that he is not certain whether the central bank will continue its rate hike cycle in September.

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