EUR/USD regains the smile near 1.0960 ahead of key data – by pabspiovano EURUSD Currencies Majors
The dollar looks offered as investors favour the risk complex.Fresh buying interest returns to the single currency and liftsEUR/USD prints decent gains well north of the 1.0900 hurdle and manages to leave behind at the same time two consecutive daily pullbacks amidst increasing selling pressure surrounding the dollar.
Across the Atlantic, housing data and the speech by FOMC’s M. Bowman will be in the limelight later in the NA session.EUR/USD manages to gather some fresh upside traction following the recent retracement to the vicinity of the 1.0900 neighbourhood. Moving forward, hawkish ECB-speak continue to favour further rate hikes, although this view appears in contrast to some loss of momentum in economic: 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 0.34% at 1.0960 and a break above 1.1075 would target 1.
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