The EUR/USD currency pair fell to near 1.0360 on Thursday as the US dollar strengthened. This move was attributed to investor caution ahead of the release of January's US nonfarm payrolls (NFP) data. The US Dollar Index (DXY), which tracks the US dollar's performance against six major currencies, rebounded to near 108.00. Meanwhile, the European Central Bank (ECB) policymaker Mario Centeno anticipates that interest rates could go below the neutral rate.
EUR/USD slumps to near 1.0360 as the US Dollar rebounds, with investors turning cautious ahead of Friday’s US NFP data release for January. Chicago Fed President Goolsbee said it is difficult to predict whether inflation will accelerate from overheating or due to US President Trump’s tariffs. ECB policymaker Centeno anticipates that interest rates could go below the neutral rate. EUR/USD correctsto near 1.0360 in Thursday’s North Americansession.
Centeno cautioned that the ECB could go “below the neutral rate” as the Eurozone economy is not “strong enough to support inflation at 2%”. When asked about the impact of a global trade war on the Eurozone due to US President Donald Trump’s tariff agenda, Mario Centeno said that a 10% levy on China would have some deflationary effect in the trading bloc.
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