Note

EUR/USD HOLDS GROUND AMID ECB DOVISH SIGNALS

· Views 15



  • EUR/USD slightly down finding support despite ECB's dovish turn and mixed signals from Fed officials.
  • ECB officials signal potential for June rate cut, adding a dovish tone to policy outlook amidst wage inflation discussions.
  • Market awaits core PCE inflation data and GDP figures in the US, with Fed's divided stance on rate cuts in focus.

The Euro trims some of its earlier losses against the US Dollar but stays in the red, as the EUR/USD trades at 1.0227, down 0.03%. Recent European Central Bank (ECB) dovish comments contradict the division amongst US Federal Reserve policymakers, who remain looking for evidence of the evolution of the disinflation process.


Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.

FOLLOWME Trading Community Website: https://www.followme.com

If you like, reward to support.
avatar

Hot

No comment on record. Start new comment.