EUR/USD consolidates during the North American session above the 1.1600 figure as traders await the Federal Reserve (Fed) Chair Jerome Powell's speech at Jackson Hole, alongside the outcome of the Ukraine-Russia conflict solution. The pair trades at around 1.1640, down 0.12% at the time of writing.
The economic docket in the United States (US) featured housing data on Tuesday, which was mainly ignored by investors. Last week's inflation figures on the consumer and producer side generated a two-way pricing for a Fed rate cut.
Initially, after the Consumer Price Index (CPI) release, some traders speculated with a 50 basis points (bps) rate cut —sparked by Bessent's interview on Fox Business— as figures mainly remained unchanged. Nevertheless, the jump in the Producer Price Index (PPI) triggered a shift in the other direction, with most markets reflecting a 25 bps rate cut, and some players expecting the central bank to hold rates.
Therefore, the Fed Chair Powell's speech on Friday could set the interest rate path towards the second half of 2025.
Aside from this, upbeat news regarding a possible de-escalation of the conflict in Eastern Europe between Ukraine and Russia could boost the Euro, on a positive outcome. Meanwhile, US President Donald Trump is pushing for a meeting between Zelenskiy and Putin, so they can solve their differences and reach peace.
A scarce economic docket in the European Union (EU) leaves traders adrift to the release of inflation figures in the EU, HCOB Flash PMIs for August, and Germany's Gross Domestic Product (GDP) figures.
Source: Fxstreet
EUR/USD begins the week on a lower note, down 0.30% as traders await the outcome of the meeting between US President Donald Trump and Ukraine's Volodymyr Zelenskiy, after the former met with his Russi...
The EUR/USD pair pared some gains, weakening from levels above 1.1700 to 1.1685 in early European trading on Monday (August 18th). Currency volatility remained low, with a mild risk-off sentiment ahea...
EUR/USD reverses its course, climbs on Friday, ignoring solid US Retail Sales data due to market participants still pricing in a Federal Reserve (Fed) rate cut in September. The pair trades at 1.1702,...
EUR/USD dives sharply on Thursday as the latest inflation report in the United States (US) caught traders off guard, who were betting on a slim chance of a 50 basis points (bps) Federal Reserve (Fed) ...
The EUR/USD rises during the North American session, following the release of mixed inflation figures in the United States (US) and US President Donald Trump's threats to sue the Fed Chair Jerome Powe...
The U.S. Commerce Department said on Tuesday it is hiking steel and aluminum tariffs on more than 400 products including wind turbines, mobile cranes, appliances, bulldozers and other heavy equipment, along with railcars, motorcycles, marine...
EUR/USD consolidates during the North American session above the 1.1600 figure as traders await the Federal Reserve (Fed) Chair Jerome Powell's speech at Jackson Hole, alongside the outcome of the Ukraine-Russia conflict solution. The pair trades...
Gold price tumbles on Tuesday as the Greenback extends its minimal gains for the second straight day, while geopolitical developments suggest that a positive outcome of the US President Trump meeting with Putin, Zelenskiy and European leaders could...
Federal Reserve Chairman Jerome Powell is set to speak at the annual central bank symposium this week amid growing bets that a rate cut is nearly...
The Trump administration has expanded its 50% tariffs on steel and aluminum imports to cover hundreds of additional products. In a Federal Register...
Asia-Pacific markets traded mixed Monday , after the U.S.-Russia summit concluded without a ceasefire.
Japan's Nikkei 225 benchmark rose 0.62%,...
The S&P 500 ended slightly lower Monday, as investors digested a meeting between Ukraine President Volodymyr Zelensky and U.S. President Donald...