EU idea
EUR/USD moves higher to near 1.0430 in a thin trading volume day, while its broader outlook remains weak amid a firm US Dollar.
Investors expect the ECB to reduce its Deposit Facility rate by a further 100 bps next year.
US Initial Jobless Claims for the week ending Dec 20 surprisingly fell to 219K.
EUR/USD rises to near 1.0430 in Friday’s North American session amid thin trading following the Christmas and Boxing Day holidays. The major currency pair gains as the US Dollar (USD) ticks lower despite firm expectations that the Federal Reserve (Fed) will follow a gradual policy-easing path as inflation has rebounded slightly in the last three months.
The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, struggles to hold the crucial support of 108.00. The performance of the USD has remained upbeat in the last few months in part by expectations of firm growth under the administration of United States (US) President-elect Donald Trump and growing speculation of a slowdown in the Fed’s easing cycle.
Investors expect the ECB to reduce its Deposit Facility rate by a further 100 bps next year.
US Initial Jobless Claims for the week ending Dec 20 surprisingly fell to 219K.
EUR/USD rises to near 1.0430 in Friday’s North American session amid thin trading following the Christmas and Boxing Day holidays. The major currency pair gains as the US Dollar (USD) ticks lower despite firm expectations that the Federal Reserve (Fed) will follow a gradual policy-easing path as inflation has rebounded slightly in the last three months.
The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, struggles to hold the crucial support of 108.00. The performance of the USD has remained upbeat in the last few months in part by expectations of firm growth under the administration of United States (US) President-elect Donald Trump and growing speculation of a slowdown in the Fed’s easing cycle.
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As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.