EUR/USD rebound approaches 1.0900 as US default fears recede – by anilpanchal7 EURUSD ECB Fed RiskAversion Macroeconomics
US policymakers’ optimism about debt ceiling extension favor sentiment and Euro buyers.
That said, US President Joe Biden and House Speaker, as well as a top congressional Republican, Kevin McCarthy’s meeting renewed the market’s optimism that the US policymakers will be able to avoid the “catastrophic” default. Following the less-than one-hour-long meeting, congressional leaders, said, "It is possible to get a deal by the end of the week."
It’s worth noting, however, that the recently hawkish Federal Reserve talks and upbeat US data contrast with softer Eurozone statistics to prod the EUR/USD bulls.Atlanta Fed President Raphael Bostic
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