EUR/USD eases towards 0.9800 as hawkish Fed bets probe DXY bears, EU/German ZEW data eyed – by anilpanchal7 EURUSD ECB Fed RiskAppetite Recession
y’s Asian session. As a result, today’s European and German ZEW data for October will be important for fresh impulse amid a lightThe major currency pair’s latest inaction could be linked to a mixed play between the risk-on mood and the hawkish Fed speak. Also challenging the EUR/USD traders is a light calendar in the US.the European Central Bank
Alternatively, hawkish Fed bets and fears of market intervention in Japan and China seem to challenge the EUR/USD buyers. That said, CME’s FedWatch Tool prints a nearly 95% chance of a 75 bps Fed rate hike in November. In doing so, the tool might have taken clues from upbeat comments from US Treasury Secretary Janet Yellen, suggesting a strong US jobs market, as well as upbeat US inflation expectations as per the 10-year and 5-year breakeven inflation rates per the St.
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