Friday , 22 November 2024
Home Forex EUR/USD drifts higher as Euro bolstered by recovering market sentiment
Forex

EUR/USD drifts higher as Euro bolstered by recovering market sentiment

EUR/USD recovered to 1.0740 on Monday as market sentiment shifts back into rate cut hopes to kick off the new trading week, with investors shrugging off cautionary statements from Federal Reserve (Fed) officials that warned rate cuts may not materialize at a pace investors are happy with.

Leave a comment

Leave a Reply

Your email address will not be published.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

Related Articles

Eurozone November flash services PMI 49.2 vs 51.6 expected

Prior 51.6Manufacturing PMI 45.2 vs 46.0 expectedPrior 46.0Composite PMI 48.1 vs 50.0...

Poor French and German PMI data keeps ECB 50 bps rate cut in play

Money market pricing is now seeing roughly 35% odds of a 50...

USDJPY Technical Analysis – We continue to range around key levels

Fundamental OverviewOverall, we’ve seen a rangebound price action in the US Dollar...

Germany November flash manufacturing PMI 43.2 vs 43.0 expected

Manufacturing PMI 43.2 vs 43.0 expected and 43.0 prior.Services PMI 49.4 vs...