The Euro to Dollar exchange rate (EUR/USD) will be in focus as traders wonder whether Friday’s breakdown below the 200-day average was a temporary move or one that has legs.
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The Euro to Dollar exchange rate risks further losses this week as the technical setup breaks down, and it will only be on Friday when a potential market-shifting U.S. PCE inflation figure is relea…
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The Dollar fell sharply after the Federal Reserve delivered what markets interpreted as a 'dovish' policy update midweek that raised the odds of a June interest rate cut.
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The Euro was softer against the Dollar and other major currencies after the President of the European Central Bank (ECB) raised the odds of a June interest rate cut.
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The US dollar trades on the front foot today.
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Confidence in the European rebound story is growing; on Tuesday Bank of America said its much-watched fund manager survey found "rising confidence in a European growth reacceleration".
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The Euro's rebound against the Dollar appears to have run its course and downside impulses are expected during the coming week, particularly if Wednesday's Federal Reserve decision proves hawkish.
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