Daily Analysis EURUSD - 24 July 2023
The preliminary estimate revealed that the Germany Composite PMI declined to 48.3 in July 2023 from June's 50.6, falling below the expected 50.3.
Read MoreThe preliminary estimate revealed that the Germany Composite PMI declined to 48.3 in July 2023 from June's 50.6, falling below the expected 50.3.
Read MoreThe German producer prices recorded a year-on-year increase of 0.1% in June, according to the Federal Statistical Office's report on Thursday.
Read MoreThe US Retail Sales data had a mixed impact on the greenback's performance against major currencies.
Read MoreThe Census Bureau is scheduled to release retail sales data in the United States (US) on Tuesday, July 18th.
Read MoreThe euro has gained significant strength due to the European Central Bank (ECB) expected to continue raising interest rates beyond July, as inflation in the Eurozone remains high.
Read MoreThe US Dollar (USD) has continued its downward trend for the seventh consecutive day, driven by expectations of the Federal Reserve (Fed) soon concluding its policy-tightening measures.
Read MoreThe EUR/USD pair is steadily gaining momentum as a result of the weak United States Consumer Price Index (CPI) data, suggesting that the Federal Reserve (Fed) only has one interest rate hike option remaining by the end of the year.
Read MoreThe USD Index has been declining for four consecutive days, indicating investor expectations of only one more interest rate hike from the Federal Reserve (Fed) by the end of the year.
Read MoreOn Tuesday, the dollar experienced a decline following indications from Federal Reserve officials that the central bank was approaching the conclusion of its tightening cycle.
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