EUR/USD Weekly Forecast: Sentiment likely to keep undermining US Dollar
The EUR/USD pair ends the week with substantial gains, not far below a fresh two-month high of 1.0895.
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The EUR/USD pair ends the week with substantial gains, not far below a fresh two-month high of 1.0895.
An uneventful week ended with EUR/USD trading marginally lower in the 1.0660 price zone.
The GBP/USD pair dropped gradually throughout the week, primarily driven by a stronger US Dollar and on the back of subdued UK data and dovish comments from Bank of England (BoE) policymakers.
The EUR/USD pair struggled for direction throughout the week, unimpressed by growth-related figures and central banks’ announcements.
Gold continues to trade near the $2,000 level, lacking solid conviction to break higher.