EUR/USD Outlook: Euro Under Pressure as Geopolitical Tensions Intensify, Dollar Bid
The Euro is on a four-day losing streak against the greenback. Can the Geopolitical situation and the IMF outlook result in a new YTD low?
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The Euro is on a four-day losing streak against the greenback. Can the Geopolitical situation and the IMF outlook result in a new YTD low?
A bounce in the early-portion of the week was aggressively-faded on Friday and focus now shifts to the next CPI report as a hawkish Fed continually reminds markets that they're not finished yet.
The Pound remains under pressure as dollar bulls stage a comeback. Key technical levels and economic factors to keep markets on the edge.
The Euro retreated from parity to the dollar in European trade as investors weigh the possibility of a dovish Fed. NFP and ISM data become the focus for the rest of the week.
BoJ intervention is unlikely to spur further Yen strength, as the Fed remains determined to rein in inflation.