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Euro Caught in the Range as US Dollar Sidelined Ahead of CPI. Will EUR/USD Breakout?
The Euro has continued to steady on Tuesday as the market awaits Wednesday’s inflation report in the US. EUR/USD has traded in a narrow range around 1.0190 so far today. The Survey of Consumer Expectations conducted by the New York Fed on inflation revealed households see price increases waning. The 1-year outlook came in at 6.2% against 6.8% in the prior month. The 3-year outlook dropped to 3.2% in July from 3.6% previously. Treasury yields dipped in the North American session and traded flat across the curve in Asia today. The US Dollar (DXY) index is unchanged at around 106.36 Hong Kong’s Hang Seng Index (HSI) ... (full story)
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- Aug 9, 2022 2:43am Aug 9, 2022 2:43am
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TheWolf - Joined May 2022 | Status: I'm Done | 205 Comments
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- Posted: Aug 9, 2022 1:44am
- Submitted by:Category: Fundamental AnalysisComments: 1 / Views: 3,056
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