Risk Sentiment Boosting USD, EURUSD Nudges Down
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Market risk appetite weakened, and Federal Reserve Chairman Powell did not deny the possibility of a recession, boosting the hedging attraction of U.S. treasury bonds and pushing the dollar higher. Yesterday, because the German and French PMI indexes were both lower than expected, indicating that the euro zone economy is in trouble, the market has lowered expectations for the European Central Bank to raise interest rates sharply. The impact of risk sentiment may continue to affect the market, providing good support for USD. In overall. EURUSD might continue its bearish trend.
Trends in EURUSD can pay attention to…
-Latest news on the Russian-Ukrainian war
-22:00 University of Michigan Consumer Confidence Index Final Value (June)
-22:00 US Annualized Total New Home Sales (May)
Which will affect the trend in EURUSD. Investors must grasp the opportunity to make an order.
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