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Deutsche Industrieproduktion steigt im Februar um 3,6%, EUR/USD bleibt unter 1,19

Deutsche Industrieproduktion steigt im Februar um 3,6%, EUR/USD bleibt unter 1,19
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EUR/USD Forecast: Sustained break below 1 1900 mark should pave the way for further losses

Following EUR/USD Forecast: Sustained break below 1.1900 mark should pave the way for further lossesANALYSIS | 3/8/2021 5:43:17 AM GMT EUR/USD dropped to over three-month lows amid sustained USD buying interest. Friday’s upbeat US NFP report further boosted to the already stronger greenback. Investors now shift their focus to the ECB monetary policy decision on Thursday. The EUR/USD pair maintained its offered tone on the last trading day of the week and refreshed YTD lows amid the prevalent bullish sentiment surrounding the US dollar. The optimistic US economic outlook continued underpinning the greenback, which got an additional boost from the previous day s Powell-inspired upsurge in the US Treasury bond yields. The Fed Chair Jerome Powell on Thursday largely dismissed concerns about the recent sharp rise in long-term yields and disappointed investors anticipating immediate action.

The euro s woes continue - MarketPulse

March 8, 2021SharePrint The euro has started the week in negative territory, dropping below the 1.19 level.  Currently, EUR/USD is trading at 1.1879, down 0.24% on the day. Dollar beating up on euro The euro had a field day with the dollar late in 2020, as EUR/USD posted sharp gains. The roles have now reversed, as the euro has fallen to levels last seen in November 2020. The euro has managed only two winning weeks since the New Year, as the US dollar is no longer the punching bag for the major currencies. Last week, EUR/USD fell by 1.34% and fell below the 1.19 level for the first time since November 2020.

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