EUR/USD regains pace and approaches 1.0800 – by pabspiovano EURUSD Currencies Majors
Investors’ attention remains on the Fed and the ECB.back to the upper end of the range near 1.0780 at the beginning of the week.quickly leaves behind Friday’s pullback and advances markedly following the opening bell on the old continent on Monday.
In the meantime, market participants are expected to closely follow the release of US inflation figures tracked by the CPI on Tuesday and the interest rate decisions by the Federal Reserve on Wednesday and the ECB on Thursday. In the meantime, the pair’s price action is expected to closely mirror the behaviour of the US Dollar and will likely be impacted by any differences in approach between the Fed and the ECB with regards to their plans for adjusting interest rates.
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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