EUR/USD regains the smile and the 1.1000 barrier – by pabspiovano EURUSD Currencies Majors
The Greenback appears offered in tandem with shrinking risk aversion.The single currency regains some composure and liftsEUR/USD gathers some extra steam and partially reverses the sharp decline seen on Tuesday when spot lost around a cent from tops around 1.1060 to 2-day lows in the vicinity of 1.0960.
Also bolstering the upside bias around the Euro emerges the continuation of the hawkish narrative from ECB’s policy makers, who leaves the door open to a 50 bps rate hike in May as well as extra rate raises at both meetings in June and July. Later in the NA session, Durable Goods Orders, MBA Mortgage Applications and Advanced Goods Trade Balance are all due.EUR/USD regains balance and reclaims the area beyond the 1.1000 barrier following the weak note in the Dollar and dwindling risk-off trade.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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