EUR/USD closing in most bullish month in 12 years ahead of Eurozone inflation, Federal Reserve talk – by anilpanchal7 EURUSD Inflation SEO Fed RiskAppetite
Recently hawkish comments from Federal Reserve officials underpinned United States Treasury Yields and US Dollar.
Firmer Eurozone inflation may help EUR/USD to grind but Federal Reserve Chairman Jerome Powell could favor the month-end consolidation.remains pressured around 1.0330, after printing a two-day downtrend, as it prepares for the big day during early Wednesday in Asia.
President John Williams and St. Louis Fed President James "Jim" Bullard were the latest supporters of higher rates. On the other hand, the US Conference Board Consumer Confidence Index dropped to 100.2 in November versus 102.2 prior .Easing tensions from China contrasts with looming economic fears from the Eurozone and challenge the EUR/USD buyers of late.
Recently, Bloomberg reported the reopening of some city buildings in the greater Zhengzhou region, the home of a key iPhone plant. Earlier on Tuesday, the news broke that China's Guangdong province will allow the close contacts of Covid cases to quarantine at home.
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