EUR/USD Weekly Forecast: To hike or not to hike? Kevin Warsh between a rock and a hard place
The Euro hit a correction towards the target and support of 1.1570, as the market still holds above this support since last week. As we see from the chart and as long as the market holds above this support, a rebound towards 1.1710 is likely.
Euro steadies against US Dollar after volatile reaction to US CPI
The EUR/USD edged lower this morning, down for the second day, ahead of the release of US CPI. The pair has been consolidating in a tight range, and yesterday's hawkish rate hike from the ECB failed to deliver the breakout many traders were hoping to get.
EURUSD slides lower The dollar (EURUSD) progressed as the European Central Bank raised its key interest rate. The pair is still probing for support after hitting a weekly low below 1.1600.
Euro: Downside risks while 1.1585 holds against US Dollar – UOB
Fed hike bets rise as traders await U.S. CPI, with DXY testing 99.16 resistance while EUR/USD and GBP/USD remain under pressure.
Morning briefing: EUR/USD sees near-term weakness against the US Dollar
Today's session has been particularly relevant for the euro's performance in the short term. After the EUR/USD registered a decline of nearly 0.3% during the session, the European currency has managed to recover a large part of its losses.
Euro: Upside bias within defined band against US Dollar – UOB
EUR/USD is holding close to a two-week high around 1.1640 ahead of today's European Central Bank (ECB) monetary policy decision, with markets widely expecting a 25-basis-point rate hike as policymakers respond to renewed inflation pressures from surging energy prices.
EUR/USD holds near a two-week high around 1.1640 ahead of the ECB monetary policy decision, with markets expecting a 25-basis-point rate hike to 2.50%. Attention is on Christine Lagarde's guidance as surging energy prices revive inflation risks and raise the possibility of further tightening.