12:51 PM · 6 March 2023

EURUSD under pressure despite hawkish Lane and lower yields

EURUSD extends downward move today, even despite the hawkish statement of the ECB's chief economist and lower US yields. Lane points out that inflationary pressure suggests the need for further hikes after the ECB decision in March (which will take place next week's).

Moreover, US yields fell sharply within the last two sessions. It is worth noting that the dollar will have a chance to move during two important events this week: Powell's congressional hearing and the NFP on Friday.

EURUSD erases earlier gains, even despite lower US in yields. Source: xStation5

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