EURUSD keeps retreating. The current quote is 1.0670.
The currency pair dropped to the lows of five months. The reason is the market fear of the lengthy phase of monetary policy tightening by the US Federal Reserve System.
First, the US presented the labour market report for January, and it turned out strong. It made investors think that the Fed would go on using this means of increasing the interest rate further and thus fighting with inflation.
On Tuesday, a fresh CPI report will be presented. According to average forecasts, the indicator should have dropped to 6.2% from 6.5% y/y. However, month-wise, the indicator might have grown by 0.5% m/m after falling by 0.1% m/m in December. All this makes market players avoid risks. Base inflation might have also sped up to 0.4% from 0.3%.
In other words, the market is focused on tomorrow reports.
Free Reports:
Article By RoboForex.com
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
By JustMarkets On Wednesday, the U.S. stock market declined. By the end of the day,…
By Brian Jay Tang, University of Michigan and Kang G. Shin, University of Michigan Hundreds…
Belize City, Belize, April 29, 2026 – Financial broker RoboForex has expanded its CFD offering with…
By Maximilian Brichta, University of Virginia Once seen as often dry and sometimes intimidating, personal…
By JustMarkets On Tuesday, the US stock market declined. By the end of the day,…
By Analytical Department RoboForex EUR/USD is slightly lower on Wednesday, trading with minimal movement around…
This website uses cookies.