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EUR/USD rises as US inflation data softens
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#5acfe72f ver:0.52

The EUR/USD pair is range-bound as traders await US economic data. Weakness in the US labor market could lead to a decline in the dollar, while positive data could support the currency. The European Central Bank is expected to cut interest rates in June, while the Federal Reserve is not expected to cut rates this year. Technical analysis suggests bearish pressure on the EUR/USD exchange rate. MUFG Research recommends buying EUR/USD as the Euro gains strength against the USD amid favorable economic conditions in the euro-zone and potential slowdown in the US economy. The euro has resisted falling to parity with the dollar for now, thanks to a rosier economic backdrop....

#newstr #Eur/usd #UsDollar #Inflation #RetailSales

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