EUR/USD rebound pokes 1.1300 on softer yields ahead of US ADP, FOMC Minutes By anilpanchal7 EURUSD RiskAppetite Fed Coronavirus YieldCurve
US Treasury yields retreat amid mixed concerns over Omicron, Fed’s next move.
A disparity between the US and German Treasury bond yields joined chatters surrounding the South African covid variant, namely Omicron, as well as the relating to the US Federal Reserve’s next moves, to refresh fortnight low the previous day. However, the market’s indecision ahead of the US ADP Employment Change for December and FOMC Minutes seems to challenge the pair’s latest moves.
Other than the data, receding US inflation expectations and mixed comments from Minneapolis Fed President and 2022 voting FOMC member Neil Kashkari also challenge EUR/USD bears.
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