EUR/USD Forecast: Dollar s sell-off likely to continue fxstreet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fxstreet.com Daily Mail and Mail on Sunday newspapers.
4/18/2021 1:49:24 PM GMT
EUR/USD Current Price: 1.1984
European macroeconomic data indicated a slow path to economic recovery.
Risk appetite played against the greenback, Wall Street reached records.
EUR/USD is technically bullish but still unable to take the 1.2000 threshold.
The EUR/USD pair hit 1.1994 on Friday, its highest for the week, closing the latter with substantial gains in the 1.1980 price zone. The American currency weakened amid lower government bond yields, which anyway bounced modestly ahead of the weekly end. Meanwhile, US indexes continued to rally, with the DJIA and the S&P 500 reaching record highs, as solid US macroeconomic figures hint at a substantial economic comeback from the pandemic collapse.
4/8/2021 11:17:29 AM GMT | By FXStreet Team
The USD/JPY pair is under pressure amid the dollar’s weakness and may fall below the 109.00 level, Valeria Bednarik, Chief Analyst at FXStreet, reports.
Japanese Trade Balance posted a larger-than-anticipated surplus of ¥524.2 billion
“Japan published its February Current Account which posted a surplus of ¥2916.9 billion, largely surpassing the ¥1996 billion expected. The Trade Balance for the same month improved to ¥524.2 billion from ¥-130.1 billion in the previous month. Also, March Consumer Confidence printed at 36.1, better than the previous 33.8. The Eco Watchers Survey for the current situation came in at 49, while the Outlook resulted in 49.8.”
“The US session will bring Initial Jobless Claims for the week ended April 2, foreseen at 680K from 719K previously and a speech from US Federal Reserve chief Jerome Powell, due to participating in a panel discussion about the glo