EUR/USD continues its losses for the second successive day, trading around 1.1310 during the Asian hours on Wednesday.
The pair depreciates as the US Dollar (USD) draws support and as US yields depreciate following Japan's indication of potential cuts in government debt issuance, which has boosted global bond markets. At the time of writing, the 10- and 30-year yields on US Treasury bonds are standing at 4.46% and 4.97%, respectively.
Additionally, the Greenback received support as the Conference Board's Consumer Confidence Index rose to 98.0 in May from the previous 86.0 reading.
Meanwhile, US Durable Goods Orders fell by 6.3% in April against a 7.6% increase prior. This figure came in better than the estimated decrease of 7.9%. Traders likely await the FOMC Minutes, which are due later on Wednesday.
Federal Reserve Bank of New York President John Williams emphasized the importance of inflation expectations should be well anchored. Williams wants to avoid inflation becoming highly persistent because that could become permanent by responding relatively strongly when inflation begins to deviate from the target.
On Tuesday, Minneapolis Fed President Neel Kashkari said that policymakers should avoid any adjustment in interest rates until reaching clear estimations of the impact on inflation due to higher
However, the risk-sensitive Euro (EUR) gained support as trade tension eased between the United States (US) and the European Union (EU). On Sunday, US President Donald Trump extended the tariff deadline on imports from the EU from June 1 to July 9. On Monday, the Brussels agreed to speed up trade talks with the United States to avoid a transatlantic trade war.
On Tuesday, US President Donald Trump expressed his satisfaction in a post on Truth Social, noting that the EU is accelerating the process towards reaching a trade deal with the United States.
Trump wrote, "I was extremely satisfied with the 50% Tariff allotment on the European Union, especially since they were 'slow walking". I have just been informed that the EU has called to quickly establish meeting dates. This is a positive event, and I hope that they will.
Source: Fxstreet
EUR/USD remains steady during the North American session on Friday, poised to end the week with modest gains of over 0.18% as traders brace for the next week's monetary policy decision by the Federal ...
The EUR/USD pair lost ground early in the European session and retreated to levels near 1.1700, amid volatile and volatile trading on Friday. Comments from ECB official Olly Rehn, who warned of downsi...
The EUR/USD pair recorded a slight decline on Thursday (September 11th), trading at 1.1695, but remained within the previous day's narrow range at the start of the European session. Investors were rel...
EUR/USD recorded a slight gain at 1.1760 after a two-day rally on Tuesday. The US dollar remained on the defensive as investors anticipated a sharp downward revision to US employment figures, although...
The EUR/USD pair strengthened, trading near 1.1715 at the open of the European session on Monday (September 8th). The common currency received support from a weakening US dollar following Friday's poo...
EUR/USD remains steady during the North American session on Friday, poised to end the week with modest gains of over 0.18% as traders brace for the next week's monetary policy decision by the Federal Reserve (Fed). At the time of writing, the pair...
U.S. Treasury Secretary Scott Bessent met with BlackRock Inc executive Rick Rieder in New York on Friday, as the Trump administration continued its search for a new chair for the Federal Reserve, a source familiar with the matter said. Bessent has...
Oil prices rose on Friday after a Ukrainian drone attack suspended loadings from the largest port in western Russia, but gains were capped by concerns about U.S. demand. Brent crude futures settled at $66.99 a barrel, up 62 cents, or 0.93%. U.S....
The International Monetary Fund on Thursday said the Federal Reserve has scope to lower interest rates because of the weakening U.S. labor market,...
Annual inflation in the United States (US), as measured by changes in the Consumer Price Index (CPI), rose to 2.9% in August from 2.7% in July, the...
The University of Michigan (UoM) is expected to release the preliminary reading of its monthly Consumer Confidence Index for September on Friday....
Asia-Pacific markets traded higher, tracking Wall Street gains overnight.
Japan's benchmark Nikkei 225 rose 0.41% after hitting a fresh record high...