EUR/USD remains bid and close to 1.0900 – by pabspiovano EURUSD Currencies Majors
EMU Consumer Confidence, Economic Sentiment improved in January.posting decent gains near the 1.0900 hurdle.EUR/USD remains firm near the 1.0900 neighbourhood on the back of the small retracement in the dollar and inconclusiveSo far, persistent cautiousness dominates the mood among investors ahead of key monetary policy meetings by the Fed and the ECB on Wednesday and Thursday, respectively.
The sharp yearly rally in EUR/USD appears to have met an initial and decent barrier around the 1.0930 for the time being. Back to the euro area, recession concerns now appear to have dwindled, which at the same time remain an important driver sustaining the ongoing recovery in the single currency as well as the hawkish narrative from the ECB.
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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