The EUR/USD pair trades on a stronger note around 1.0860 during the early European trading hours on Tuesday.
EUR/USD holds positive ground near 1.0860 inTuesday’searly European session on Monday. The markets expect theFed'spolicy rateonhold until September. ECB’sSchnabel said policymakers should look very carefully at the data as there is a risk of easing prematurely. The EUR/USD pair trades on astrongernotearound1.0860duringtheearly European trading hourson Tuesday.Investors will focus on Fedspeaker amid the absence ofkeyUS data releases.
” The US central bankis expectedtohold the rate steadyat its June meeting. Traders are pricing in a 76% chance of a rate cut from the Fed by 25 basis points in September and two cuts by the end of the year, according to the CME FedWatch Tool. Across the pond, the European Central Bank is anticipatedto lower its borrowing costs in the June meeting.
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