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ÜBERBLICK am Abend/Konjunktur, Zentralbanken, Politik
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Deutscher Einzelhandelsumsatz für März bestätigt
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Euro at 1.20, Eurozone Retail Sales eyed
May 5, 2021SharePrint
The euro is showing little movement on Wednesday. In the North American session, EUR/USD is trading at 1.2005, down 0.06% on the day.
Services PMI show stagnation
Business activity across the eurozone remains weak, as reflected by eurozone Services PMIs for April, which were released earlier on Wednesday. The German, eurozone and French releases were all close to the 50.0 level, which separates contraction from expansion. This means that the services sectors in the eurozone are not showing growth, as the Covid-19 lockdowns and a sluggish vaccine rollout have taken a heavy toll on the services industry.
5/4/2021 5:35:03 AM GMT | By Dhwani Mehta
EUR/USD stuck in a narrow range ahead of the FOMC decision.
Lagarde’s speech also eyed, as the Fed is likely to hold fire.
Higher DXY and Treasury yields weigh on the spot.
EUR/USD is extending losses towards 1.2000 ahead of the European opening bells, having failed to find acceptance above 1.2050 amid a broad-based US dollar rebound.
The market sentiment remains tepid amid cautious remarks from Fed Chair Powell on the US economy while the continued covid surge in India and Japan continues to dent the risk appetite.
Powell said that the US economy is doing better but is “not out of the woods yet,” in remarks prepared for delivery at a conference of the National Community Reinvestment Coalition.
5/3/2021 4:32:03 AM GMT | By Anil Panchal
EUR/USD remains pressured as the US dollar holds Friday’s gains amid a quiet session.
US Treasury Secretary Yellen pushes for Biden’s plan, Kaplan takes the lead to discuss tapering.
Sluggish markets amid off in China, Japan await German Retail Sales for March.
US PMIs for the last month, jitters surrounding Russia, China will also be the key.
EUR/USD sellers attack intraday low of 1.2018 ahead of Monday’s European session open. In doing so, the currency major pair fades the early Asian bounce off a one-week low as the US dollar extends Friday’s run-up.
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