EUR/USD retreats from 1.0930 hurdle as Fed hawks retreat on inflation concerns – by anilpanchal7 EURUSD ECB Fed Inflation RiskAppetite
for March and the Minutes of the latest Federal Open Market Committee Monetary Policy Meeting. Also challenging the pair buyers could be the recent mixed comments from the Federal Reserve and European Central Bank policymakers.
On the other hand, Minneapolis Fed President Neel Kashkari teases US Dollar bulls as he said, “2% inflation target should not be changed.” It’s worth noting that Philadelphia President Patrick Harker said that the Federal Reserve will continue to look closely at available data to determine what, if any, additional actions they may need to take. Before him, New York Fed President John Williams said that if inflation comes down, we will have to lower.
Against this backdrop, US Dollar Index licks its wounds near 102.15 after snapping a four-day uptrend the previous day. However, S&P 500 Futures remain directionless around 4,138 after a mixed Wall Street close. Further, the US Treasury bond yields grind higher and prod thesellers. That said, the US 10-year and two-year Treasury bond yields grind higher around 3.43% and 4.03 during a four-day and five-day uptrend respectively.
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 drops below 1.0900 as investors turn cautious ahead of US InflationThe EUR/USD pair has surrendered the round-level support of 1.0900 in the Asian session. The major currency pair has attracted significant offers as i
Read more »
EUR/USD Price Analysis: 10-DMA prods intraday sellers, 1.0850 is the last defense for bullsEUR/USD Price Analysis: 10-DMA prods intraday sellers, 1.0850 is the last defense for bulls EURUSD Technical Analysis SwingTrading ChartPatterns SupportResistance
Read more »
EUR/USD drops to one-week low, closer to mid-1.0800s amid notable USD strengthThe EUR/USD pair attracts fresh sellers following an early uptick to the 1.0915 region and turns lower for the second successive day on Monday. This a
Read more »
Pairs in Focus This Week \u2013 EUR/USD, USD/JPY, Gold, GBP/USDGet the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of April 9th, 2022 here.
Read more »
EUR/USD stabilizes near mid-1.0800s after setting weekly lowEUR/USD started the new week on the back foot and touched its lowest level in a week at 1.0830 in the American session. The pair was last seen trading
Read more »
EUR/USD scales above 1.0860 ahead of Eurozone Retail Sales and US InflationThe EUR/USD pair has climbed above the immediate resistance of 1.0860 in the early Asian session. The shared currency pair rebounded firmly after buyi
Read more »