EURUSD falling today on the strong U.S. dollar inflows after US CPI beat estimates with 5% and Core CPI reached 3.8%. The pair is also pressured down after ECB left its rates unchanged and refrained from tapering. The ECB further noted that it will continue to conduct net asset purchases under Pandemic Emergency Purchase Programme (PEPP) with a total envelope of €1,850 billion until at least the end of March 2022. Lagarde added that “ECB stands ready to adjust all of its instruments, as appropriate, to ensure that inflation moves towards its aim in a sustained manner, in line with its commitment to symmetry.” This is leading the traders to expect the rates to remain on hold in Eurozone – adding to the bearish pressure on EURUSD.
Trade with an award-winning broker! Lowest spreads on the market for Forex, Precious Metals, Energies. No re-quotes, no rejection of orders & instant withdrawals.
EURUSD overview 10.06.2021
EURUSD falls on robust US CPI.
EURUSD falling today on the strong U.S. dollar inflows after US CPI beat estimates with 5% and Core CPI reached 3.8%. The pair is also pressured down after ECB left its rates unchanged and refrained from tapering. The ECB further noted that it will continue to conduct net asset purchases under Pandemic Emergency Purchase Programme (PEPP) with a total envelope of €1,850 billion until at least the end of March 2022. Lagarde added that “ECB stands ready to adjust all of its instruments, as appropriate, to ensure that inflation moves towards its aim in a sustained manner, in line with its commitment to symmetry.” This is leading the traders to expect the rates to remain on hold in Eurozone – adding to the bearish pressure on EURUSD.
Next support to watch – 1.2105
Trade with an award-winning broker! Lowest spreads on the market for Forex, Precious Metals, Energies. No re-quotes, no rejection of orders & instant withdrawals.
Open account
Latest Posts
Amega launches a brand new client area… and the crowd goes wild!
16 November 2023Amega reduces spreads up to 50%
25 September 2023Amega is going to the Traders Fair South Africa, 2023
14 September 2023Copycats: How social trading is changing the game.
18 July 2023BRENT 14.07.2023
14 July 2023Categories
Tags