EUR/USD bulls pressured back below 1.1000

EUR/USD bulls pressured back below 1.1000 – by fx_ross EURUSD Currencies Fed CPI ECB

rallied on the back of the US Consumer Price Index and reached a high of 1.1006 on the day from a low of 1.0941. Headline CPI growth in the US ended lower to 4.9% in April from 5% in March. 'Core' inflation excluding food and energy products also moderated, to 5.5% from 5.6% in March.

´´Labour market conditions still look strong, but are showing cracks under the surface, and tension remains among regional banking credit markets.´´ In this regard, analysts at Brown Brothers Harriman noted that the ´´Federal Reserve easing expectations are starting to get pared back.´´

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

FXStreetNews /  🏆 14. in US

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

EUR/USD Price Analysis: Bulls are making their move, eye Fibo scale ahead of US CPIEUR/USD is correcting higher from support ahead of what is a highly anticipated event today in the release of the US inflation data on Wednesday. The
Read more »

EUR/USD Price Analysis: Falls below 1.1000 amid uncertainty over US InflationThe EUR/USD pair has checked territory below the psychological support of 1.1000 in the Tokyo session. The major currency pair is expected to display
Read more »

EUR/USD Price Analysis: Drops to near 1.1000 as Eurozone eyes recession, US Inflation in focusThe EUR/USD pair has corrected sharply to near the psychological support of 1.1000 in the early Tokyo session amid a recovery move in the US Dollar. T
Read more »

EUR/USD Price Analysis: Solid barrier emerges at 1.1100EUR/USD faces increased selling pressure and breaks below the key support at 1.1000 the figure on Tuesday. The inability of the pair to challenge/surp
Read more »

EUR/USD Forex Signal: Triple Top Pattern Points to More DownThe EUR/USD price dropped to the lowest level since May 2 ahead of the upcoming American consumer price index (CPI) data.
Read more »

EUR/USD drops below 1.1000 as US Dollar traces firmer yields amid unimpressive Fed bank surveyEUR/USD drops below 1.1000 as US Dollar traces firmer yields amid unimpressive Fed bank survey – by anilpanchal7 EURUSD Inflation YieldCurve ECB Fed
Read more »