The EUR/USD pair hovered around the 1.0850 mark for a second consecutive day on Tuesday, with the US Dollar ticking higher amid a souring market mood.
EUR/USD Current price: 1.0852 Encouraging European data fell short of underpinning the Euro. Financial markets turn their eyes to the FOMC Meeting Minutes. EUR/USD keeps trading within limited ranges, could extend its slide in the near term. Still, the pair refused to leave its comfort zone, as data and policymakers' words were insufficient to convince speculative interest.
If something, market participants took clues from stocks, with Asian and European markets closing in the red but American indexes posting modest gains. On Wednesday, the focus will be on the Federal Open Market Committee and the Minutes of the latest central bank meeting. Investors will look for signs of clarity over the timing of a potential rate cut.
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 Forecast: EUR/USD steady sub-1.0900 ahead of fresh cluesThe EUR/USD saw little action on Monday, hovering around the 1.0860 mark for most of the day.
Read more »
EUR/USD Forecast: US Dollar soars as markets turn risk-averseThe EUR/USD pair surged to 1.0729 during European trading hours, retaining gains and developing above the 1.0700 threshold ahead of the critical United States (US) Gross Domestic Product (GDP) report.
Read more »
EUR/USD Forecast: US Dollar advances as markets anticipate a hawkish FedThe EUR/USD pair keeps trading within familiar levels around the 1.0700 mark as market players refrain from placing strong bets ahead of first-tier United States (US) events.
Read more »
EUR/USD Weekly Forecast: Optimism prevailed, hurting US Dollar demandThe EUR/USD pair advanced for a third consecutive week, accumulating a measly 160 pips in that period.
Read more »
US Dollar Forecast: Bearish Market Signals Emerge – Setups on EUR/USD, GBP/USDThis article takes a thorough look at the fundamental and technical outlook for the U.S. dollar, analyzing potential scenarios that could manifest in the short run. Especial attention is given to two key pairs: EUR/USD and GBP/USD.
Read more »
EUR/USD Forecast: US Dollar turns south on dismal US dataThe EUR/USD pair fell to the lower end of its weekly range, extending the slide by a few pips yet holding above the 1.0700 mark during the European session.
Read more »