EUR/USD sees a downside below 1.0660 as US CPI looks set to deliver a surprise upside EURUSD Fed ECB Inflation SEO
of investors. The US Dollar Index has shifted its business above 103.40 and is expected to add more gains as the weekend airborne threat on the US after the Chinese spy balloon event, which was later identified as a civilian by the Chinese economy, has turned investors risk averse.
A strong labor market in the United States and a rebound in the prices of used cars are expected to propel the employment cost index as the shortage of labor will be offset by higher employment proposals from firms. This could trigger a rebound in the inflation projections as households with higher earnings in possession can lead to higher consumer spending. Bloomberg reported that average used-vehicle prices rose 2.5% in January according to data from Manheim.
to above 5%. The Fed policymaker has favored a small interest rate hike and sees no recession ahead. Also, the expression of a rate cut is unlikely this year., investors are shifting their focus towards the release of the Gross Domestic Product data, which will release on Tuesday. As per the consensus, the economic data for the quarterly and annual basis are seen similar to its former releases at 0.1% and 1.9% respectively.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
EUR/USD sees more weakness below 1.0660 as investors expect a surprise upside in US CPIThe EUR/USD pair has showed a pullback move to near 1.0680 in the early Tokyo session. The pullback move by the major currency pair seems to lack stre
Read more »
Pairs in Focus This Week \u2013 BTC/USD, EUR/USD, AUD/USDGet the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of February 12th, 2022 here.
Read more »
EUR/USD: Weekly Forecast 12th February - 18th FebruaryThe EUR/USD touched its lowest values as it went into the weekend, after exhibiting a choppy range which saw Thursday\u2019s move higher run into a strong reversal.
Read more »
EUR/USD renews monthly low below 1.0700 amid ECB, Fed chatters, focus on EU GDP, US inflationEUR/USD licks its wounds around 1.0670, after declining to the five-week low, as traders await more catalysts to confirm the latest bearish bias. Addi
Read more »
US inflation expectations stay firmer as markets brace for US CPIMarket sentiment remains sour during early Monday as the US-China jitters over the “unidentified objects” join the mixed Fed talks and cautious mood a
Read more »
20 best European stock picks to buy: BofABANK OF AMERICA: Buy these 20 European stocks for upside of as much as 208% and the best possible chance of outperforming in a complex environment
Read more »