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EURUSD - EUR/USD Price Under Selling Pressure After Upbeat US CPI
The EUR/USD price slumped again after an upbeat US CPI, trading around the 1.0700 psychological level at the time of writing.
EUR/USD faces challenges after robust US Inflation, consolidates near 1.0700
FedWatch Tool suggests 37% and 51% probability of a 25 bps rate cut by the Fed in May and June, respectively.
Gold Drops Below 2,000, EUR/USD Drops to 3-Month Low on US Inflation Data Release
The Australian dollar (AUD) plunged by 1.8% on Tuesday as the US Dollar Index (DXY) surged to a 3-month high on a higher-than-expected US Consumer Price Index (CPI) report.
EUR/USD Forecast: Sellers could target 1.0660 next
EUR/USD came under heavy bearish pressure in the American session on Tuesday and touched its lowest level since mid-November at 1.0700. The pair stays in a consolidation phase slightly above this ...
EURUSD loses steam after bounce off 1.0725
EURUSD is struggling to continue the rebound that started from the 1.0725 support level and the medium-term ascending trend line. Currently, the market is losing momentum indicating a potential ...