The Euro extends its losses against the US Dollar, with the major diving below the 1.0800 figure, following dovish comments by European Central Bank (ECB) policymaker Francois Villeroy.
What you need to take care of on Friday, March 28: The US Dollar surged on Thursday, helped by hawkish comments from Federal Reserve (Fed) official Waller, who suggested the central bank may keep rates at current restrictive levels for longer.
The EUR/USD pair extends the previous day's rejection slide from the 100-day Simple Moving Average (SMA) resistance near the 1.0865 region and remains under some selling pressure for the second straight day on Wednesday.
EUR/USD edges higher on Wednesday after European Central Bank (ECB) Executive Board member Piero Cipollone said that there was room to cut interest rates swiftly despite elevated wage inflation.
The Greenback maintained its constructive stance and extended the consolidative mood around the upper end of the recent range, all against the backdrop of small retracements in risk-associated assets.