EUR/USD Sees Slight Rise to 1.0770 Before Eurozone GDP, US Jobless Data
EUR/USD Sees Slight Rise to 1.0770 Before Eurozone GDP, US Jobless Data During the early trading hours in Asia on Thursday, the EUR/USD currency pair recorded modest gains. The pair hovered around 1.0770, marking a slight increase of 0.08% for the day. Despite these gains, potential growth in the pair may be limited due to […]
ECB’s Holzmann Uncertain About Rate Peak
ECB’s Holzmann Uncertain About Rate Peak The European Central Bank (ECB) finds itself at a pivotal juncture as it grapples with the question of whether it has already reached the peak in its borrowing costs. Governing Council member Robert Holzmann, known for his hawkish stance, has emphasized that the central bank’s path forward remains uncertain […]
EUR/USD Holds Firm above 1.0980, Markets Cautious Ahead of US PPI Data
EUR/USD Holds Firm above 1.0980, Markets Cautious Ahead of US PPI Data During the early European session on Friday, the EUR/USD pair maintains its position above the 1.0980 level. Following a retreat from its weekly high of 1.1065 following US inflation data, the major pair has remained in positive territory for a third consecutive day. […]
Euro Hovers Near 1.0950 Ahead of US NFP Data Release
Euro Hovers Near 1.0950 Ahead of US NFP Data Release As the week draws to a close, the Euro (EUR) continues to trade in an uncertain manner against the US Dollar (USD), keeping the EUR/USD pair confined within a tight trading bracket around the 1.0950 mark. The uncertainty is mirrored in the USD Index (DXY), […]
ECB Plans Another Rate Hike while Maintaining Flexibility for September
ECB Plans Another Rate Hike while Maintaining Flexibility for September The European Central Bank (ECB) is set to raise interest rates for the ninth consecutive time on Thursday, amid the ongoing battle against surging inflation and mounting evidence of an economic slowdown. With inflation still remaining stubbornly high and projected to take until 2025 to […]