EUR/USD rebounds amid US-EU recession fears, as traders anticipate a Fed and ECB pause

The Euro (EUR) reverses its course and trims its earlier losses that dragged the exchange rate to a new two-month low of 1.0802 on weaker Eurozone (EU

traded positively. At the time of writing, the EUR/USD exchanges hands at 1.0858, gains 0.21%.

Wall Street continues to trend up as market players brace for NVIDIA earnings reports. In contrast, bad economic reports on both sides of the Atlantic spurred speculations that the US Federal Reserve andPMI

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 Slides as Euro Area PMI Gives ECB Reason to PauseEuro Area PMI data came in below expectations which is likely to fuel talk of a pause from the ECB in September. Eyes now on Christine Lagarde at Jackson Hole for more guidance.
Read more »

EUR/USD holds near 1.0900 after the German Buba Monthly ReportAt the start of the week, the EUR/USD is gaining traction after six consecutive days of losses, trading near 1.0900. The German Buba Monthly Report sh
Read more »

EUR/USD Forecast: Bulls losing the battle with 1.0900The EUR/USD pair hovers around 1.0900 ahead of Wall Street’s close, holding on to modest intraday gains. The US Dollar failed to attract speculative
Read more »

EUR/USD portrays bearish consolidation around 1.0900 despite multi-year high US Treasury bond yieldsEUR/USD holds onto the week-start corrective bounce while edging higher to 1.0900 amid Tuesday’s Asian session as the US Dollar fails to cheer upbeat
Read more »

EUR/USD Price Analysis: Euro bulls attack 1.0910 upside hurdle on softer GreenbackEUR/USD buyers flirt with the 1.0900 threshold within a one-month-long falling wedge bullish chart formation on early Tuesday. The Euro pair’s latest
Read more »

US Dollar Looks Tired Ahead of Jackson Hole: EUR/USD, GBP/USD, USD/JPY Price SetupsThe US dollar’s rally looks tired against some of its peers ahead of the Jackson Hole Economic Symposium beginning Thursday. What is the outlook for EUR/USD, GBP/USD, and USD/JPY?
Read more »