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EUR/USD cycles on Thursday, wrapped up in congestion near 1.0880
The EUR/USD fell after facing a rejection from the 1.0900 handle on Thursday, declining to a near-term low of 1.0850 before recovering to the 1.0880 region as markets gear up for the Friday market session. Policymakers from both the Federal Reserve (Fed) and the European Central Bank (ECB) have been working overtime trying to talk down market expectations of rate cuts that are increasingly unlikely to come as fast or as furious as investors have pinned their hopes on. Atlanta Fed President Raphael Bostic hit newswires on Thursday noting that he doesn’t see the Fed moving on policy rates until Q3 at the absolute ... (full story)