EUR/USD Forecast: Pressuring the upper end of the range : vi

EUR/USD Forecast: Pressuring the upper end of the range


6/9/2021 12:39:23 PM GMT
EUR/USD Current Price: 1.2192
German’s trade balance posted a surplus of €15.9 billion in April.
US Treasury yields keep falling, weighing on the American currency.
EUR/USD is mildly bullish near the 1.22 figure, the momentum is limited.
The EUR/USD pair approaches the 1.2200 figure but keeps trading within familiar levels in another quiet day across the FX board. The greenback shed some ground on the back of easing US Treasury yields, as US inflation and its possible effects on the Federal Reserve’s monetary policy remains the main theme.
A scarce macroeconomic calendar exacerbates the quietness. Germany published the April Trade Balance, which posted a seasonally adjusted surplus of €15.9 billion, below expected. As for the US, the country published MBA Mortgage Approvals for the week ended on June 4, which came in at -3.1% better than the previous -4%. The country will publish April Wholesale Inventories.

Related Keywords

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