Euro steady ahead of US inflation - MarketPulse marketpulse.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketpulse.com Daily Mail and Mail on Sunday newspapers.
EUR/USD sinks to daily lows, approaches 1 2200 forexcrunch.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forexcrunch.com Daily Mail and Mail on Sunday newspapers.
5/25/2021 1:47:50 PM GMT | By Pablo Piovano
EUR/USD retreats from new monthly highs near 1.2270.
German Business Climate surprised to the upside in May.
US Consumer Confidence next of relevance in the docket.
The buying pressure around the European currency stays well and sound and pushes
EUR/USD to fresh 4-month peaks in the 1.2265/70 band on Tuesday.
EUR/USD in 4-month highs
EUR/USD posts gains for the second straight session on Tuesday, extends the optimism seen at beginning of the week and at the same time breaks above the multi-session consolidative theme in place during most of last week.
The increasing selling bias in the greenback emerges as the exclusive driver behind the pair’s moderate upside, as investors look somewhat more convinced about the Fed’s commitment to keep the mega accommodative stance for the time being (thanks to recent Minutes, Powell and further Fedspeak).