EUR/USD hovers around 1.0700, eyes on US first-quarter GDP data on Nostr: US Dollar Weakens Ahead of Key GDP Data, Impacting EUR/USD Pair =============== ...
US Dollar Weakens Ahead of Key GDP Data, Impacting EUR/USD Pair
===============
#acbb1c95 ver:0.57
The EUR/USD pair is gaining momentum as the euro strengthens due to improved Eurozone services PMI and German services PMI. However, the eurozone economy remains fragile, and a rate cut by the ECB is expected. The anticipated drop in US nonfarm payrolls could also impact the pair. Traders are closely monitoring these developments, with resistance at 1.0849. The US dollar weakens ahead of key GDP data, with the USD Index registering small losses. The US Q1 GDP is expected to grow at an annualized rate of 2.5%. The outcome of the US core price deflator release will have implications for the dollar....
#newstr #Eur/usd #EurozoneServicesPmi #GermanServicesPmi #EuropeanCentralBank #NonfarmPayrolls #TechnicalAnalysis #RiskonRally #UsDollar #ServicesPmi #EconomicConditions
https://here.news/story/acbb1c95?ver=0.57
===============
#acbb1c95 ver:0.57
The EUR/USD pair is gaining momentum as the euro strengthens due to improved Eurozone services PMI and German services PMI. However, the eurozone economy remains fragile, and a rate cut by the ECB is expected. The anticipated drop in US nonfarm payrolls could also impact the pair. Traders are closely monitoring these developments, with resistance at 1.0849. The US dollar weakens ahead of key GDP data, with the USD Index registering small losses. The US Q1 GDP is expected to grow at an annualized rate of 2.5%. The outcome of the US core price deflator release will have implications for the dollar....
#newstr #Eur/usd #EurozoneServicesPmi #GermanServicesPmi #EuropeanCentralBank #NonfarmPayrolls #TechnicalAnalysis #RiskonRally #UsDollar #ServicesPmi #EconomicConditions
https://here.news/story/acbb1c95?ver=0.57