$EURUSD - US Interest Expectations Increase Losses
Enter your emailThe US Federal Reserve confirmed that it is ready to raise US interest rates strongly during the year, and thus the strength of the US dollar increased against the rest of the other major currencies.currency pair, it moved in its descending path, reaching the support level 1.0875, where it is stable near at the time of writing the analysis. The most popular currency pair in the Forex market is the closest to breaching the psychological support 1.0800.
Elsewhere, a survey of German construction purchasing managers showed that the sector recorded a sharp slowdown in activity growth in March as the Ukraine war dented demand and prices as well as supply. Accordingly, the S&P Global Construction Purchasing Managers' Index fell to 50.9 in March from a two-year high of 54.9 in February. A score above the 50.0 level indicates growth in this sector.
On the daily chart, the general trend of the EUR/USD currency pair is still bearish, and it crossed the 1.0800 psychological support, which deepens the bears' control over the performance, thus preparing for lower levels. On the other hand, and over the same period of time, the breach of the 1.1200 resistance will be crucial to change the general outlook initially, but so far the EUR/USD gains will remain subject to sale as long as the Russian war continues.
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.
Oil extends losses on higher dollar, U.S. stock buildOil futures slid on Wednesday, extending losses from the previous day, as a stronger U.S. dollar prompted fresh selling while data showing a build in U.S. crude stocks and Shanghai's extended lockdown fuelled fears of slower demand.
Read more »
U.S. says potential F-16 sale to Turkey would serve U.S. interests, NATO - letterThe Biden administration believes a potential sale of F-16 fighter jets to Turkey would be in line with U.S. national security interests and would also serve NATO's long-term unity, the State Department said in a letter to Congress that fell short of explicitly supporting the deal.
Read more »
U.S. Postal Service plans to raise prices of first-class mailThe United States Postal Service (USPS) on Wednesday filed notice of price change with the Postal Regulatory Commission that includes a two-cent increase in the price of a first-class mail forever stamp from 58 cents to 60 cents.
Read more »
US Attorney General Merrick Garland tests positive for COVID-19U.S. Attorney General tested positive for COVID-19 on Wednesday afternoon
Read more »
'December just killed us': SF Mission District brewery shuttersThe brewery hoped to bring the flavors of Tijuana to San Francisco.
Read more »
Images From Bucha Remind Us That War Photography Can Be ResistanceWar photography from Bucha has illuminated the deep and harrowing human toll of mass violence, showing that documentation can be resistance.
Read more »