EURUSD Bounces from PPI Low, Faces Key Moving Average Resistance
EURUSD rebounded from 1.1593 after strong US PPI data, aided by ECB rate hike. The pair now tests the 200-day moving average at 1.16321.
Major and emerging currency pairs, central bank policy, interest rate expectations and cross-border capital flows.
EURUSD rebounded from 1.1593 after strong US PPI data, aided by ECB rate hike. The pair now tests the 200-day moving average at 1.16321.
The dollar strengthened against major currencies as Treasury yields rose ahead of the US PPI report and ECB decision. Markets also monitored geopolitical…
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