$EURUSD hovers around the 1.0950 region amidst risk-off mood ECB Fed
In terms of data, consumer confidence in Germany, as measured by GfK, weakened to -25.4 for the month of July.
The constructive view of EUR/USD appears unchanged as long as the pair trades above the crucial 200-day SMA, today at 1.0578.The Euro is the currency for the 20 European Union countries that belong to the Eurozone. It is the second most heavily traded currency in the world behind the US Dollar. In 2022, it
The ECB Governing Council makes monetary policy decisions at meetings held eight times a year. Decisions are made by heads of the Eurozone national banks and six permanent members, including the President of the ECB, Christine Lagarde.Eurozone inflation data, measured by the Harmonized Index of Consumer Prices , is an important econometric for the Euro.
Economic data for the four largest economies in the euro area are especially significant, as they account for 75% of the Eurozone’s economy.Another significant data release for the Euro is the Trade Balance. This indicator measures the difference between what a country earns from its exports and what it spends on imports over a given period.
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