EUR/USD extends the weekly rebound past 1.0900 ahead of US data – by pabspiovano EURUSD Currencies Majors
The dollar remains offered amidst the lack of traction in yields.The buying interest around the European currency remains well and sound and liftsEUR/USD advances for the second session in a row and looks to consolidate the recent breakout of the key 1.0900 barrier amidst the persistent selling pressure surrounding the greenback.
From the ECB, there are no changes so far to the idea of a most likely 25 bps rate in May, a view that continues to be propped up by hawkish comments from ECB’s rate setters. In the meantime, price action around the single currency should continue to closely follow dollar dynamics, as well as the incipient Fed-ECB divergence when it comes to the banks’ intentions regarding the potential next moves in interest rates.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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