The euro pair is strong as investors believe a strong eurozone economic recovery will outweigh the risks from the global recession. European investors were comforted last week by the European Central Bank raising its growth and inflation forecasts for this year and beyond as the eurozone economy recovers faster than expected from the pandemic shock. [...]
Euro is quite flat today and the ECB hawks are spooked by the recent rising inflation numbers but the doves are firmly in control right now and so the policy is likely to remain loose for the time being. There were almost too many hawks on the newswires to name but among them were ECB [...]
Euro pair is showing a bullish trend ahead on European session. The Currency pair is showing uptrend due to the losses in greenback and strong preliminary reading of Eurozone Consumer Price Index. Comments from the European Central Bank (ECB) policymakers, suggesting an extension of easy money policies, offer an extra boost to the EUR/USD upside. [...]
The selling pressure in the US dollar pushes wake of delayed Fed taper’s talk. The dollar was brilliant on Tuesday following a one-day fall from May, despite traders being cautious in chasing a mood-driven move ahead of a Federal Reserve symposium to put an end to incentives and property purchases. The US data showed strong, [...]
