EUR/USD drops closer to 1.1630 ahead of Lagarde’s address
USD Decline Continues Amidst Economic Developments The EUR/USD pair has continued its downward trend, settling around 1.1630 during Asian trading on Tuesday. Major currency pairs are experiencing selling pressure as the US dollar gains strength, with market optimism that the US government shutdown might conclude this week. Currently, the U.S. Dollar Index (DXY), which measures […]
Euro weakens toward 1.1850 before Lagarde’s speech and the Fed’s rate decision.
The EUR/USD is projected to decline to around 1.1855 during the Asian session on Wednesday. Market participants have fully priced in a 25 basis points cut from the Fed. Germany’s Zew Sentiment is expected to show improvement in September. The EUR/USD pair lost its upward momentum, reaching approximately 1.1855 and breaking a four-day winning streak […]
Euro strengthens above 1.1700 before Lagarde’s speech.
Market Update on EUR/USD and Economic Outlook EUR/USD hits 1.1705 during Asian trading hours. Market anticipates an 89% probability of a 25bps rate cut by the Fed in September. Von Der Leyen indicates Europe has a solid plan for troop deployment in Ukraine. The EUR/USD pair is currently showing strong performance, hovering around 1.1705 in […]