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EURUSD and GBPUSD Dip as US Inflation Fuels Fed Rate Cut Expectations and Japan GDP Disappoints

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

News Summary

  • Yen weakened after Japan's weak GDP; US dollar steady as inflation data fuels Fed rate cut bets.
  • EURUSD and GBPUSD edged lower amid cautious sentiment; liquidity thin due to holidays.
  • Fed expected to cut rates later this year, supporting dollar strength.
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EURUSD price history

1.15 -0.86% over the displayed period

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