Solid US employment data strengthened the US Dollar and dashed hopes for an interest rate cut. Meanwhile, hotter-than-expected European inflation kept the ECB on a dovish path. The EUR/USD pair faces immediate resistance at 1.0197, the September 2022 monthly high.
Solid United States employment data smashed the odds for an interest rate cut. Hotter-than-anticipated European inflation to maintain the ECB on the dovish path. EUR/USD faces immediate resistance at 1.0197, the September 2022 monthly high. The EUR/USD pair remained under selling pressure this week, with the US Dollar retaining its overall strength. The Greenback benefited from risk-aversion bouts, triggered by United States President-elect Donald Trump’s tariffs plan.
Minutes: Politics should not be in the way, but they are The Federal Open Market Committee released the Minutes of the December Federal Reserve monetary policy meeting on Wednesday, and the document brought some negative headlines. Yet what caught investors’ attention is that the Minutes showed almost all members judged that the upside risk to inflation has increased.
EUR/USD US Dollar Interest Rates Inflation Trade War Trump Tariffs Employment Data Federal Reserve European Central Bank
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 stays under pressure on ECB’s dovish decision, upbeat US DollarEUR/USD broadly consolidates near 1.0470 in Friday’s European session, staying under bearish pressure after comments from European Central Bank (ECB) President Christine Lagarde on Thursday indicated that more interest rate cuts are in the pipeline, a scenario that has dampened the Euro’s (EUR) outlook.
Read more »
EUR/USD Retreats Below 1.0500 as Risk Aversion Lifts US DollarThe EUR/USD pair trades below 1.0500 on Tuesday following a modest rebound. A risk-averse market atmosphere strengthens the US Dollar against its rivals. US Retail Sales data for November will be released later in the day.
Read more »
EUR/USD Dips Below 1.0500 as US Dollar Strengthens on Fed Rate Cut ExpectationsThe EUR/USD currency pair fell below the significant psychological level of 1.0500 on Tuesday, driven by the US Dollar's strength. The market anticipates the Federal Reserve (Fed) to decrease interest rates by 25 basis points but maintain a hawkish outlook for 2025. Meanwhile, the European Central Bank (ECB) officials favor a gradual easing of monetary policy.
Read more »
EUR/USD Dips as Dollar Strengthens on Holiday-Shortened WeekThe EUR/USD pair falls under pressure due to a weakening European sentiment and a strengthening US Dollar. Holiday closures limit market activity.
Read more »
EUR/USD Rises as US Dollar Weakens on Declining Treasury YieldsThe EUR/USD currency pair edged higher on Tuesday, fueled by a retreat in the US Dollar due to falling Treasury yields. However, the Euro faces headwinds from the ECB's dovish outlook on interest rates and geopolitical tensions.
Read more »
EUR/USD Weakening as ECB Maintains Dovish Stance, US Dollar GainsThe EUR/USD exchange rate is declining for the fourth consecutive day, trading around 1.0350, as the European Central Bank (ECB) signals a continued dovish approach to interest rate policy. The ECB anticipates lowering its Deposit Facility rate to 2%, the neutral rate, by June 2025. Meanwhile, the US Dollar Index surged to multi-year highs following the Federal Reserve's (Fed) hawkish policy shift, indicating potential US interest rate increases.
Read more »