EUR/USD retreats towards 1.0950 as ECB, Fed hawks jostle amid sour sentiment

EUR/USD retreats towards 1.0950 as ECB, Fed hawks jostle amid sour sentiment – by anilpanchal7 EURUSD ECB Fed Inflation RiskAppetite

and the Federal Reserve officials amid sour sentiment and anxious mood ahead of the key catalysts.

Furthermore, Bloomberg released news suggesting China’s role in the Russia-Ukraine war, which in turn joins US President Joe Biden’s resistance in negotiating debt limit to also weigh on the sentiment. On the other hand, ECB Chief Economist Philip Lane stated Tuesday that the Euro Area economy will not go into recession while also adding that some of the banking tensions have receded and that negative supply shocks are receding.

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