Daily Analysis EURUSD - 20 June 2023
Data released on Tuesday reveals that German producer prices in May recorded their slowest increase in over two years, signaling a continued decline in inflation within Europe's largest economy.
Read MoreData released on Tuesday reveals that German producer prices in May recorded their slowest increase in over two years, signaling a continued decline in inflation within Europe's largest economy.
Read MoreLast week, the ECB and the Fed meetings showed that both central banks are still hawkish and unconvinced about the slowdown in inflation in both economies.
Read MoreOn Thursday, the EUR/USD experienced a significant surge, reaching its highest level in a month at 1.0952.
Read MoreThe EUR/USD continued its upward trajectory, achieving its highest daily close in a month above 1.0800, despite the US Dollar's rebound following the hawkish stance of the Federal Open Market Committee (FOMC).
Read MoreThe softer US consumer inflation figures further support the market's anticipation of a pause in the Federal Reserve's tightening cycle.
Read MoreThis week is poised to witness significant market movement, particularly in the Euro and US Dollar, as central banks make interest rate decisions.
Read MoreThe upcoming release of US consumer inflation figures on Tuesday, followed by the highly anticipated FOMC monetary policy decision on Wednesday, will provide important insights into the Federal Reserve's short-term policy outlook.
Read MoreThursday's data revealed that the number of Americans filing new claims for unemployment benefits reached the highest level in over 1-1/2 years.
Read MoreThe upcoming European Central Bank (ECB) meeting is expected to involve a rate hike, aligning with market expectations.
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