Thursday , 3 October 2024
Home Forex EUR/USD descends to lower 1.0700s after strong US data
Forex

EUR/USD descends to lower 1.0700s after strong US data

EUR/USD falls to the lower 1.0700s on Tuesday after more strong US macroeconomic data supports the US Dollar (USD), pushing down the probability of the US Federal Reserve (Fed) cutting interest rates by June to close to 50%.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Federal Reserve rate cuts under threat from US port strike

S&P Global Market Intelligence comments were reported in the Wall Street Journal...

RBNZ preview – most likely cut the cash rate by 50bps next week, and again in November

Analysts at KiwiBank title their note:The RBNZ will most likely cut 50bps...

Australian (final) services PMI for September 50.5 (prior 52.5)

The preliminary readings for September are here:Australia preliminary Sept PMI: Manufacturing 46.7...

EUR/USD extends declines in wide-market Greenback rebound

EUR/USD trimmed further into the bearish side on Wednesday, dragging Fiber bids...