EUR/USD retraces the intraday losses near 1.0590, awaits Eurozone HICP, US Core PCE

However, Lagarde also noted that inflation is expected to stay"too high for too long." However, the ECB is facing a difficult situation as it seeks to balance the need to address rising inflation while not adversely affecting the Eurozone's uneven domestic economy. This delicate balancing act is likely contributing to the downward pressure on the euro against the US dollar .

Recent warnings from US President Joe Biden and a senior adviser about the potential consequences of a federal government shutdown have also added to market concerns. They highlighted the possible widespread difficulties that could arise from a shutdown, including the loss of food benefits for nearly 7 million low-income women and children.

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

EUR/USD trades below 1.0600 marked lowest since March, Eurozone HICP, US Core PCE eyedEUR/USD continues to move on the downward path, trading lower around 1.0580 during the early trading hours of the Asian session on Tuesday. The pair h
Source: FXStreetNews - 🏆 14. / 72 Read more »

EUR/GBP continues to lose near 0.8670, Eurozone HICP data eyedEUR/GBP extends its losses on the second successive day, trading lower around 0.8670 during the Asian session on Tuesday. The pair is facing downward
Source: FXStreetNews - 🏆 14. / 72 Read more »