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Dollar Rebounds, EURUSD Tumbles After Powell Caution and Weak German Ifo

Reuters Read original source (opens in a new tab)
The Story

News Summary

  • The U.S.
  • dollar rebounded after Fed Chair Powell's cautious comments, pushing EURUSD down 0.5% as German business morale fell; sterling also slid.
  • Markets still price two Fed cuts this year, with Friday's core PCE key for the Fed outlook.
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Stored market data

EURUSD price history

1.15 -1.71% over the displayed period

Advisor Snapshot

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