4 July 2019, 18:08  EUR/USD remains downbeat

EUR/USD remains downbeat. The pair s struggling to make gains, as the USD remains well-bid, despite President Trump’s recent attack on USD strength, as he suggested the U.S. should manipulate currencies like China and the European Union. The overall strength of the U.S. economy, compared to the UK, European Union, and China has kept traders on edge on whether the Federal Reserve would actually reduce rates at July meeting or not. The recent suggests by the European Central Bank (ECB) on further easing is keeping the euro under selling pressure. The retail sentiment remains in favor of the EUR/USD bears,

© 1999-2024 Forex EuroClub
All rights reserved