
EUR/USD Rises as Fed’s Waller Backs July Rate Cut and US Sentiment Improves
EUR/USD gained over 0.26% on Friday due to a weaker US Dollar following dovish remarks by Fed Governor Christopher Waller, impacting US Treasury yields.
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4.2 | 4.8 | 4.7 | 4.2 | 4.6 | - | - | 4.5 |
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3.9 | 4.2 | 4.8 | 4.6 | 4.8 | 4.2 | 5 | 4.5 |
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4.6 | 4.6 | 4.1 | 4.2 | 4 | 3.5 | 5 | 4.3 |
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4.4 | 4.6 | 4.7 | 4.2 | - | 3.4 | - | 4.3 |
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4.2 | 4.3 | 4.4 | 4.2 | - | 4.2 | - | 4.3 |
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EUR/USD gained over 0.26% on Friday due to a weaker US Dollar following dovish remarks by Fed Governor Christopher Waller, impacting US Treasury yields.
Japanese Yen (JPY) under pressure against US dollar in Asian session, may continue downtrend.
The UK June Consumer Price Index (CPI) report by the Office for National Statistics (ONS) is set to be released on Wednesday at 06:00 GMT. This data is crucial for understanding inflation’s influence on the Bank of England’s (BoE) monetary policy choices.
Japanese Yen (JPY) in Bearish Consolidation Phase Near Three-Week Low Against US Dollar. Traders Await US Consumer Inflation Data.
Australian Dollar (AUD) drops against US Dollar (USD) due to China trade balance data.
EUR/USD closed the week with a loss of more than 0.70%, dropping 0.10% on Friday to trade below 1.1700. This suggests a potential pullback to test crucial support levels as the US Dollar sees its strongest week in four months. Currently, the pair is trading at 1.1688.
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