EURUSD Tumbles After Weak German Ifo as Powell Comments and PCE Loom
Euro weakened to $1.178 after a weaker-than-expected German Ifo and mixed PMI; Powell's cautious comments and heavy Fed-cut pricing ahead of US PCE add market uncertainty.
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Euro weakened to $1.178 after a weaker-than-expected German Ifo and mixed PMI; Powell's cautious comments and heavy Fed-cut pricing ahead of US PCE add market uncertainty.
The Fed cut rates 25bp and signaled further easing, triggering a dollar plunge then sharp rebound; EURUSD spiked and settled near 1.1809. BoC easing and weak Canadian data supported a stronger USDCAD…
The euro hovered near $1.18 after four-year highs as the Fed cut 25bps and signaled more easing, while Powell's caution pushed the dollar firmer. The ECB held rates and euro-area inflation eased to 2…
Markets are mixed ahead of BoC and Fed rate decisions; both are expected to cut 25bp, boosting near-term FX volatility and influencing EURUSD, GBPUSD and USDCAD moves.
Major FX pairs traded in tight ranges ahead of a widely expected Fed rate cut; the euro and pound hovered near multi-month highs while the yen strengthened ahead of Japan’s LDP vote and BOJ meeting. …
Mixed euro-area moves: Euribor 3M edges down, Bunds slightly higher and Euro Stoxx 50 jumps ~0.92%, giving little clear directional cue for EURUSD.
The dollar inched higher after a surge in U.S. jobless claims and modest inflation, keeping Fed rate-cut bets centered on a likely 25bp move. EURUSD slipped slightly as markets also awaited Fitch's v…
The dollar held steady ahead of U.S. wholesale and consumer inflation reports that will shape Fed rate-cut odds, as weaker jobs revisions and geopolitical tensions keep markets nervy while pricing ea…