EUR/USD remains offered and below 1.0700 ahead of data, Lagarde – by pabspiovano EURUSD Currencies Majors ECB
Germany, EMU Services final Services PMIs came in mixed.The single currency extends the corrective decline vs. the greenback and forcesEUR/USD focused on data, ECB
Indeed, spot appears to resume the downtrend seen in past weeks and fades further last Thursday’s strong advance, returning to the sub-1.0700 region in response to the resumption of the buying interest in the greenback amidst rising yields on both sides of the ocean and investors’ repricing of a Fed’s pause at its meeting later in the month.
and will likely be impacted by any differences in approach between the Fed and the ECB with regards to their plans for adjusting interest rates. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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