The EUR/USD is holding steady around 1.0845 following recent declines, with attention now turning to the US Personal Consumption Expenditures (PCE).

During the early European session on Friday, the EUR/USD remains stable around 1.0850 after a decline in the preceding session. Furthermore, the US Dollar gained profits on Thursday due to better-than-expected US GDP data, serving as a hindrance for the pair. If the EUR/USD continues its decline and breaches the 2024 bottom of 1.0821 (recorded … Read more

The Euro declines as ECB President Lagarde mentions that discussions about a rate cut are premature.

The euro experienced a decline against major currencies during the New York session on Thursday, following the European Central Bank’s decision to maintain key interest rates and President Christine Lagarde’s statement that discussing rate cuts at this point was premature. In the first rate-setting session of the year, the Governing Council left the main refinancing … Read more

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