EUR/USD replicates sluggish markets around 1.0700 amid challenges for ECB hawks, Fed blackout – by anilpanchal7 EURUSD ECB Fed RiskAversion Currencies
Downbeat German data, easing inflation expectations prod ECB hawks.Receding hawkish bets on FOMC fails to inspire Euro bears despite downbeat EU signals.
That said, the quote dropped the previous day amid downbeat EU data and receding hawkish concerns from the European Central Bank . However, a lack of inspiration for the US Dollar bulls put a floor under the EUR/USD price. Furthermore, results of the European Central Bank’s monthly survey of consumer expectations for inflation unveils that inflation expectations among consumers decreased significantly in April, to 4.1% for the next 12 months from 5.0% expected in March. However, the growth expectations improved to -0.8% versus -1.0% expected in March.
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