EUR/USD takes offers to refresh intraday low near 1.0718 but posts mild losses while reversing the previous day’s corrective bounce off a multi-day bo
The Euro pair retreats towards the lowest level in three months marked on Wednesday as the bloc’s currency remains pressured amid the European Central Bank’s silence period ahead of next week’s monetary policy meeting.
On the other hand, a surprise positive in ISM Services PMI and an absence of negative details of S&P Global PMIs for August joined hawkish Fed talks to defend the US Dollar amid hopes that the world’s largest economy can withstand higher rates. On the same line could be the Fed’s Beige Book suggesting a soft landing in the US.
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EUR/USD retreats towards three-month low surrounding 1.0700 as Fed vs. ECB battle intensifiesEUR/USD bears stay in the driver’s seat despite late Wednesday’s corrective bounce, declining to 1.0720 amid early Thursday in Asia. In doing so, the
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EUR/USD Forecast: Euro remains fragile despite hawkish ECB toneEUR/USD registered small daily gains on Monday but failed to stabilize above 1.0800. With the US Dollar starting to gather strength following a three-
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EUR/USD: Euro tumbles amid slowing EU’s business activity, drops below 1.0800The Euro (EUR) extended its losses against the US Dollar in the mid-North American session on Tuesday after data revealed that business activity in th
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EUR/USD risks a probable drop to 1.0720UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang suggest further downside could drag EUR/USD to the 1.0720 region in the next f
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EUR/USD Forecast: Bearish momentum increases as stalling growth spurs risk aversionThe EUR/USD pair fell through the August low and trades at levels last seen in June as demand for the US Dollar picked up amid a worsening mood. Data
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EUR/USD Price Analysis: Next on the downside comes 1.0635EUR/USD sets aside Monday’s decent bounce and resumes the downtrend on Tuesday. The sharp retracement seen in the latter part of last week seems to ha
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