EUR/USD snaps five-day downtrend near 0.9650 with eyes on ECB’s Lagarde, US data – by anilpanchal7 EURUSD ECB Fed RiskAppetite Recession
The major currency pair’s latest gains could be linked to the softer US data and downbeat inflation expectations, as well as the light calendar during the early day. Also keeping the pair buyers hopeful are the latest hawkish comments from the
Before that, ECB Governing Council member Yannis Stournaras said, “In my opinion, the ECB must maintain the basic principles of gradualism and flexibility as the problem it faces is different than that faced by the Fed in the US.” On the same line, ECB Vice President Luis de Guindos said that future rate hikes will depend on incoming macroeconomic data.
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