Euro holds below 1.1700 despite Fed rate cut, US Jobless Claims data eyed

EUR/USD Surges on Dovish Fed Signals and Shifting Expectations - ActionForex

The EUR/USD pair rallied sharply to 1.1735 on Friday, propelled by a sustained sell-off in the US dollar. The move followed a widely anticipated Federal Reserve rate cut, which was accompanied by guidance that proved more accommodative than markets had expected. Chair Jerome Powell explicitly ruled out further rate hikes, and the Fed’s updated “dot […] The post EUR/USD Surges on Dovish Fed Signals and Shifting Expectations appeared first on Acti…

EUR/USD Forecast: Pullback from 10-Week Top, Dovish Fed Limits Losses

The EUR/USD forecast remains bullish, with a recent pullback triggered due to profit-taking. The Fed’s dovish path limits the euro’s losses, supporting a dip-buying trend in the EUR/USD. FedSpeak and next week’s US NFP could provide more clarity to the markets. The EUR/USD marked a 10-week high near 1.1750 on Thursday before retreating mildly in today’s Asian session as the US dollar staged a rebound. The pullback came after two solid sessions f…

Breakfast briefing: Markets take Fed cut in their stride

US Fed cuts as expected; US payroll costs inflate; Canada holds its rate; China CPI stays low; IMF upgrades China growth; UST 10yr at 4.16%; gold firm, silver at another new record; oil holds; NZ$1 = 57.9 USc; TWI-5 = 62

EUR/USD Holds Near 1.1690 as Markets Await Jobless Claims

The EUR/USD was trading around 1.1690 in the early European session on Thursday, touching lower with no clear direction. In the aftermath of the Federal Reserve’s latest rate cut, the market’s reaction was muted — more a polite nod than an emphatic leap. And market veterans often refer to such pauses as the market “taking stock”, […] The post EUR/USD Keeps The Lower Bound Of Range Post-Fed Cut, Market Awaits Jobless Claims appeared first on Xtre…

Euro holds below 1.1700 despite Fed rate cut, US Jobless Claims data eyed

The EUR/USD pair posts modest losses near 1.1690 during the early European trading hours on Thursday. However, the US Federal Reserve's (Fed) dovish rate cut on Wednesday could weigh on the US Dollar (USD) against the Euro (EUR).