EURUSD Technical Analysis – The US Dollar loses ground on the soft CPI ...Middle East

forex live - News
EURUSD Technical Analysis – The US Dollar loses ground on the soft CPI
Fundamental OverviewThe USD yesterday was sold across the board following the soft US CPI report. The data made the market to price back in two cuts for this year. Later in the day though we got a bit more hawkish than expected FOMC decision where the dot plot showed that the Fed sees just one cut for this year despite the soft US CPI report. This gave the greenback a boost, but Fed Chair Powell backpedalled on the projections making them a bit less worrying as the central bank remains very data dependent. So, all in all, the US Dollar might still come under pressure as the risk sentiment should improve thanks to the soft US CPI. The EUR, on the other hand, has been gaining ground in the pas

Hence then, the article about eurusd technical analysis the us dollar loses ground on the soft cpi was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( EURUSD Technical Analysis – The US Dollar loses ground on the soft CPI )

Apple Storegoogle play

Last updated :

Also on site :

Most viewed in News


Latest News