EUR/USD Struggling To Retain The 1.2000 Level, Bearish Once

EUR/USD Struggling To Retain The 1.2000 Level, Bearish Once Below 1.1980


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US Federal Reserve officials poured cold water on Treasury Secretary Yellen’s comments.
US macroeconomic figures may have missed expectations but indicated continued growth.
EUR/USD struggling to retain the 1.2000 level, bearish once below 1.1980.
The EUR/USD pair trades around the 1.2000 level, posting modest daily losses. The shared currency was the worst performer, as an upbeat market’s mood put some pressure on the greenback against other rivals. Stocks edged higher in Europe and America,  as despite missing expectations, US data kept pointing to substantial economic progress. Meanwhile, different Federal Reserve officials poured some cold water on Treasury Secretary Janet Yellen about higher rates. Fed’s Evans said that they are not in a hurry in any way to talk about tapering, while Fed’s Rosengren noted that significant slack remains in the economy, adding that inflation and inflation expectations look stable.

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