The EUR/USD pair retreated from 1.0713, a fresh weekly high, and trades at around 1.0680 ahead of Wall Street’s opening.
EUR/USD Current price: 1.0682 The German IFO Survey surprised positively in April, all components improved. March US Durable Goods Orders missed expectations despite improving on a monthly basis. EUR/USD seems poised to resume its slide after a corrective advance. The broad US Dollar’s weakness, triggered by softer-than-anticipated United States data on Tuesday, extended throughout the first half of the day. Meanwhile, stock markets advanced, adding pressure on the USD.
The country will unveil the first estimate of the Q1 Gross Domestic Product next Thursday, which is expected to show that the economy grew at an annualized pace of 2.5% in the three months to March. Also, the US will publish the March Personal Consumption Expenditures Price Index on Friday, the Federal Reserve’s favorite inflation gauge.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
EUR/USD Forecast: Little progress as focus remains on US PCE inflationThe US Dollar maintained a weak tone throughout the first half of the day, helping the EUR/USD extend its modest advance towards the 1.0860 region during the European session.
Weiterlesen »
EUR/USD Forecast: Euro could face next resistance at 1.0860EUR/USD fluctuates at around 1.0850 in the early European session on Tuesday after closing in positive territory on Monday.
Weiterlesen »
EUR/USD Forecast: Decent support emerged around 1.0800In quite a bearish start to the week, the Greenback saw its recent upside momentum run out of some steam, prompting the USD Index (DXY) to recede to the low 104.00s despite the move higher in US yields across different time frames.
Weiterlesen »
EUR/USD Forecast: Euro struggles to build on Tuesday's gainsEUR/USD stays in a consolidation phase at around 1.0700 early Wednesday after closing in positive territory on Tuesday.
Weiterlesen »
EUR/USD Forecast: Temporary recovery?Another retracement in the US Dollar (USD) prompted EUR/USD to resume its recovery and surpass the key barrier at 1.0700 the figure on turnaround Tuesday.
Weiterlesen »
EUR/USD Forecast: Euro shows signs of life after PMI dataEUR/USD gained traction and turned positive on the day above 1.0650 in the early European session.
Weiterlesen »