EURUSD: holds lower ground near 1.0900?
The EUR/USD bounced back above 1.0900 after weak US data was released during the American session. With US holidays on Monday, the market is expected to stay calm. However, the Greenback is losing its strength and upcoming employment data and the release of the FOMC minutes will be crucial in determining its direction.
On Monday, economic data revealed a downward revision in the Eurozone June Manufacturing PMI, with the headline figure dropping from the initial 43.6 to 43.4. The Service sector data will be published on Wednesday. Despite the weak numbers, the European Central Bank (ECB) plans to increase interest rates at the next meeting on July 22, as inflation remains high. Additionally, the likelihood of another hike in September is over 50%.
On Monday, economic data revealed a downward revision in the Eurozone June Manufacturing PMI, with the headline figure dropping from the initial 43.6 to 43.4. The Service sector data will be published on Wednesday. Despite the weak numbers, the European Central Bank (ECB) plans to increase interest rates at the next meeting on July 22, as inflation remains high. Additionally, the likelihood of another hike in September is over 50%.
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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.