The EUR/USD started Thursday near 1.0620 after making steady gains through most of the week, but a bumper beat for the US Consumer Price Index (CPI) s
EUR/USD sees a sharp decline for Tuesday, dropping over 1% peak-to-trough. Fed fears are back on the table as inflation takes a bite out of market hopes for faster rate cuts. The Euro is trading back into the low end for the week after investors scrambled for the US Dollar safe haven. aw investors turn-tail and head for the safe haven hills, piling into the US Dollar and sending the Euro back into familiar lows for the week. The EUR/USD heads into the Friday market session trading near 1.0530.
President Lagarde will be taking part in a panel discussion titled "Debate on the Global Economy" during a seminar at the World Bank Group and International Monetary Fund annual meeting currently underway in Morocco. Traders will be keeping an ear out for any indications from ECB head Largade regarding the ECB's stance on interest rates for the EU looking forward. EUR/USD Technical Outlook The Euro tumbled over a full percentage point on Thursday, sagging into 1.
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