EUR/USD Current price: 1.0803 German upbeat data fell short of boosting the Euro. Hotter than anticipated, US inflation figures hit the Greenback. EUR/USD gains upward traction and could finally exhibit directional strength. The pair hovered around 1.0800 throughout the first half of the day, with sellers rejecting advances around 1.0810 with limited conviction. Inflation takes centre stage this week, as Germany confirmed the Harmonized Index of Consumer Prices at 2.
4%, unchanged from March EUR/USD dipped to 1.0766 but quickly trimmed losses and is once again battling with the 1.0800 threshold. Right after Wall Street's opening, Federal Reserve Chairman Jerome Powell will speak at the Netherlands Foreign Bankers' Association in Amsterdam. Powell will hardly deliver a surprise message that can affect the USD direction.
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Source: FXStreetNews - 🏆 14. / 72 Read more »
Source: FXStreetNews - 🏆 14. / 72 Read more »