EUR/USD eased slightly on Thursday, falling back below 1.0880 as the Greenback broadly recovers losses from earlier in the week.
EUR/USD slumps back from 1.0900 on Thursday’s broad USD recovery. Economic data strictly mid-tier on Friday, main focus to be on policymaker appearances. Next week brings PMI figures for both the EU and the US. The pair remains notably up for the trading week, but a late break for the US Dollar is on the cards as investors second-guess the Fed Reserve’s stance on rate cuts and keep one foot in the safe haven USD. A June rate cut from the European Central Bank is getting priced in by traders.
Several central bankers are expected to make appearances on Friday, with a speech from the ECB’s Luis de Guindos, and the Fed’s Neel Kashkari, Christopher Waller, and Mary Daly on the docket to round out the trading week. EUR/USD technical outlook EUR/USD trimmed away some gains, briefly falling back below 1.0860 on Thursday, but the pair remains notably bullish in the near-term, trading well above the 200-hour Exponential Moving Average at 1.0802.
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