EUR/USD fades the initial drop to 1.0960 ahead of Lagarde – by pabspiovano EURUSD Currencies Majors
The dollar extends Friday’s optimism into the new week.starts the week slightly on the defensive and manages to rebound from earlier lows near 1.0960.EUR/USD retargets the key 1.1000 barrier on the back of the continuation of the recovery in the dollar, while the price action in the risk complex appears subdued ahead of the opening bell in the old continent on Monday.
Across the pond, the NY Empire State Index, the NAHB Index and TIC Flows are all scheduled on Monday.EUR/USD keeps receding from recent tops in the proximity of 1.1100 during last week on the back of some corrective upside in the dollar. Moving forward, hawkish ECB-speak continue to favour further rate hikes, although this view appears in contrast to some loss of momentum in economic: Italy Final Inflation Rate, ECB Lagarde – Germany, EMU ZEW Economic Sentiment - EMU Final Inflation Rate – ECB Accounts, EMU Flash Consumer Confidence – Advanced Manufacturing/Services PMIs .: Continuation of the ECB hiking cycle. Impact of the Russia-Ukraine war on the growth prospects and inflationSo far, the pair is gaining 0.01% at 1.
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