EUR/USD gathers traction and retargets 1.0900 ahead of data, Lagarde – by pabspiovano EURUSD Currencies Majors
EMU GDP, Germany’s Economic Sentiment due later.adds to the auspicious start of the week and flirts with the key barrier at 1.0900 the figure on turnaround Tuesday.EUR/USD probes the boundaries of the 1.0900 hurdle amidst the continuation of the corrective decline in the greenback and the generalized improvement in the sentiment surrounding the risk-associated universe.
Closer to home, another revision of the Q1 GDP Growth Rate in the euro area is due along with the ZEW’s Economic Sentiment in Germany and the broader euro bloc. Finally, ECB’s Tuominen and Lagarde will also speak later on Tuesday.EUR/USD extends the weekly rebound and adds to Monday’s promising price action, always with the immediate target at the 1.0900 barrier.
Moving forward, hawkish ECB-speak continue to favour further rate hikes, although this view appears in contrast to some loss of momentum in economic: ECOFIN Meeting, EMU Flash Q1 GDP Growth Rate, ZEW Economic Sentiment, Germany ZEW Economic Sentiment – EMU Final Inflation Rate .: Continuation of the ECB hiking cycle in June and July . Impact of the Russia-Ukraine war on the growth prospects and inflationSo far, the pair is gaining 0.17% at 1.0892 and the surpass of 1.1095 would target 1.
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