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EUR/USD Weekly Forecast: ECB and US Treasury yields to make it or break itANALYSIS |
3/5/2021 3:26:31 PM GMT
Federal Reserve chief Powell pushed government bond yields to fresh one-year highs.
The European Central Bank may step up the pace of assets purchases in its next meeting.
EUR/USD has bounced just modestly from a critical Fibonacci support level.
The EUR/USD pair fell to a fresh 2021 low at 1.1892 this week, ending with a handful of pips above this level. The dollar soared across the board following comments from the head of US Federal Reserve Jerome Powell.
Powell revived yields’ frenzy