EUR/USD continues to trade higher around 1.0730

Greetings to all!
During the beginning of the European session on Monday, the EUR/USD pair is seeing an increase in value and is currently trading higher at approximately 1.07285 This rise can be attributed to the decline in the US Dollar (USD).

Despite a positive showing from United States (US) Treasury yields, which have improved by 0.52% to reach 4.29%, the US Dollar Index (DXY) continues to fall and is now hovering around 104.60 mark.

Yorum:

good luck everyone

Yorum:

EU has passed the breakthrough

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In terms of monetary policy, the anticipation of a potential interest rate hike by the Federal Reserve (Fed) in November seems to have waned recently, while market participants persist in factoring in the likelihood of rate cuts taking place at some stage in the second quarter of 2024.