Currency traders have seen the Euro maintain a bullish stance against the US Dollar today, as it continues to target the 1.1000 mark, finding support at the 1.0900 level. However, the European currency has experienced a downturn against the British Pound, reaching a two-week low.
Investor sentiment has been influenced by shifting expectations around the European Central Bank’s monetary policy. Market projections for an ECB interest rate cut have been postponed from April to June, with anticipated cuts now reduced to only 83 basis points.
The FX markets remained relatively stable last week, but upcoming inflation data from both the Eurozone and the United States next week is anticipated to be a significant factor in determining the direction of currency movements. Traders are likely to closely monitor these reports for insights into future central bank actions and their potential impact on currency valuations.
Source: https://www.investing.com/news/forex-news/euro-gains-on-dollar-with-eyes-on-11000-slips-against-pound-93CH-3243085
The White House on Thursday said Nippon Steel Corp’s $14.9 billion proposed acquisition of U.S. Steel Corp deserves “serious scrutiny,” given the company’s core role in U.S. steel production that is critical to national security. In its first substantive statement on the deal, the White House said it viewed a strong domestic steel industry as […]
The angular, polarizing design of the Cybertruck will help boost the Tesla (NASDAQ:TSLA) brand, the electric vehicle maker’s chief designer said on Thursday, adding that the pickup was no experiment. “Love it or hate it, it’s a conversation starter, and it gets people talking about the brand,” Tesla Chief Designer Franz von Holzhausen said at […]
Boeing (NYSE:BA)’s first direct delivery of a 787 Dreamliner to China since 2019 is set to land in Shanghai on Friday, a step that could hasten the end of China’s freeze on deliveries of the firm’s profitable 737 MAX after more than four years. Privately owned Chinese carrier Juneyao Airlines on Thursday took delivery of […]
