EUR/USD bulls keep 1.0900 on radar amid hawkish ECB talks, US GDP eyed – by anilpanchal7 EURUSD RiskAppetite ECB Fed GDP
the European Central Bank That said, ECB Governing Council member and Governor of Austria's central bank Olli Rehn recently flagged the central bank’s readiness for stronger rate hikes while saying, “I see grounds for large rate hikes in spring.” On the same line, Dutch central bank governor and ECB Governing Council member Klaas Knot stated that ECB is set to raise interest It’s worth noting that theofficials were also hawkish ahead of the two-week-long pre-FOMC blackout period.
Although the ECB and the Fed hawks are head-to-head in convincing markets of their ability to increase the benchmark rates, the fears of economic slowdown and easing inflation concerns seem to allow traders to rush toward the riskier assets. The same weigh on the US Dollar’s haven demand even if the US Treasury bond yields managed to bounce off a multi-day low to 3.48% by the end of the last week.
Additionally, the recently upbeat comments from the European authorities, expecting softer economic contraction than initially feared, also underpin the EUR/USD upside. However, the geopolitical tension surrounding Russia and China, as well as the US Dollar’s reserve currency status probes the pair buyers.
That said, the EUR/USD traders may wait for more clues to extend the latest run-up, which in turn highlights today’s
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