EUR/USD eases below 1.0750 as German recession woes join risk aversion, upbeat US data – by anilpanchal7 EURUSD Fed Inflation RiskAversion Recession
while keeping sellers hopeful after allowing them to dominate in the last three consecutive days.
Following that, European Central Bank Governing Council member, Bostjan Vasle said in an interview with Slovenia’s Delo newspaper early Thursday that the central bank must continue raising interest Vice President Luis de Guindos said, “Downside inflation risks include banking tensions.” Talking about data, the second estimation of the US Annualized Gross Domestic Product for Q1 2023 was revised up to 1.3% versus 1.0% first forecasts. Further, the Chicago Fed National Activity Index for April improved to 0.07 from -0.37 prior and -0.02 market estimations. On the same line, Kansad Fed Manufacturing Activity improved to -2 for May compared to -21 previous readings and analysts’ estimations of -11.
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