EUR/USD caught a bid on Wednesday, rebounding from a recent selloff and catching technical support from 1.1050.
EUR/USD rose on Wednesday as markets sell off Greenback. Markets have tilted into a risk-on position as bets of a Fed rate cut rise. US jobs data rules the market roost as investors look to NFP. Despite the topside tilt to price action in the midweek, the pair remains hobbled below the 1.1100 handle. US jobs data will remain the key focus for markets this week in the run-up to Friday’s US Nonfarm Payrolls .
EUR/USD is the most heavily traded currency pair in the world, accounting for an estimated 30% off all transactions, followed by EUR/JPY , EUR/GBP and EUR/AUD . What is the ECB and how does it impact the Euro? The European Central Bank in Frankfurt, Germany, is the reserve bank for the Eurozone. The ECB sets interest rates and manages monetary policy. The ECB’s primary mandate is to maintain price stability, which means either controlling inflation or stimulating growth.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
EUR/USD finds thin gains and a seven-month peak on WednesdayEUR/USD caught a brief rally into a fresh seven-month peak bid before easing back toward the 1.1000 handle on Wednesday.
Read more »
EUR/USD Forecast: Euro falls below key support ahead of data releasesEUR/USD lost more than 0.5% on Wednesday and continued to stretch lower early Thursday.
Read more »
EUR/USD declines from 1.1200 amid uncertainty ahead of Eurozone, US inflation dataEUR/USD corrects to near 1.1150 in Wednesday’s European session.
Read more »
EUR/USD rises to fresh 2024 highs with Fed minutes taking center stageEUR/USD hovers near 1.1130 in Wednesday’s European session, the highest level seen this year.
Read more »
EUR/USD Forecast: Euro bulls could remain interested while 1.1000 holds as supportEUR/USD gathered bullish momentum and reached its highest level of 2024 near 1.1050 on Wednesday.
Read more »
EUR/USD: EUR may break below 1.1040 in the longer runEuro (EUR) is likely to trade in a 1.1050/1.1125 range. In the longer run, upward momentum has largely dissipated, and EUR is expected to trade in a range between 1.1040 and 1.1200, UOB Group FX analysts Quek Ser Leang and Lee Sue Ann notes.
Read more »