EUR/USD remains stable following the trimming of losses registered in the previous session.
EUR/USD remains stable as Eurozone Industrial Production is anticipated to decline on a monthly basis. The US Dollar advances following a hawkish hold from the Fed on Wednesday. Fed Chair Jerome Powell stated, “We don't see ourselves as having the confidence that would warrant policy loosening at this time.” The EUR/USD pair trades around 1.0810 during the Asian hours on Thursday.
So far this year, we have not gained greater confidence on inflation to warrant a rate cut. We will need to see more positive data to bolster confidence in inflation control. We don't see ourselves as having the confidence that would warrant policy loosening at this time, Powell added. The US Dollar Index , which measures the value of the US Dollar against six major currencies, edges higher to near 104.80, possibly supported by the rebound in the US Treasury yields.
Majors Macroeconomics Eurozone
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