USD Risk Aversion May Continue, EURUSD Teeters
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Yesterday, the United States unemployment claims for the last week unexpectedly rose last week, the highest since January this year, the US bond yield fell, USD fell nearly 1% to a two-week low of 102.65. However, analysts believe that, affected by the hawkish stance of the Federal Reserve and weak employment data, which has exacerbated people’s concerns about the global economic situation, the safe-haven demand for the dollar is still continuing, so it is expected that EURUSD will continue to be volatile and bearish.
Trends in EURUSD can pay attention to…
-Latest news on the Russian-Ukrainian war
-21:45 US Markit Manufacturing PMI (May)
-21:45 US Markit Services PMI (May)
-20:30 US Durable Goods Orders (MoM) (April)
-20:30 US Unemployment Claims for the week ending 5/21
-20:30 US Core PCE Price Index (YoY) (April)
-22:00 University of Michigan Consumer Confidence Index Final Value (May)
Which will affect the trend in EURUSD. Investors must grasp the opportunity to make an order.
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Disclaimer: Information above can only be use for references and doesn’t represent our platform’s opinions.