The EURUSD currency pair loses nearly 0.6% today, after PPI inflation and jobless claims data supported the U.S. dollar. ECB member Luis de Guindos indicated today that by June, the ECB will have a complete set of data enabling it to make decisions. He pointed out that although inflation is on track to meet the 2% target, wage dynamics still pose a risk. De Guindos suggested that the eurozone economy's dynamics will accelerate in the second half of 2024. Data published today on U.S. business inventories showed a 0% month-over-month growth compared to the 0.2% m/m forecast and 0.3% previously. The U.S. inventory-to-sales ratio has been steadily improving since the last quarter of 2023.
إبدأ بالإستثمار اليوم أو تدرّب على حساب تجريبي
إنشاء حساب حساب تجريبي تحميل تطبيق الجوال تحميل تطبيق الجوالEURUSD (H1)
The Eurodollar came under significant selling pressure after U.S. 10-year bond yields increased from 4.1% to nearly 4.3%. The rate plunged today below the 200-day SMA (in red), and the hourly RSI suggests extreme oversold levels, below 20 points.
Source: xStation5
