In the European morning, the EUR/USD currency pair is making a recovery, edging closer to the 1.0800 level. This rebound comes as the US Dollar undergoes a correction across the board, despite a cautious market environment prevailing. Traders are closely monitoring speeches from both the European Central Bank (ECB) and the Federal Reserve's Chairman Jerome Powell...
EUR/USD Remains Depressed Near April Lows as US Dollar Strengthens and Debt Ceiling Optimism Prevails The EUR/USD pair continues its downward trajectory for the third consecutive day on Thursday, staying close to its lowest level since early April reached in the previous session. The US Dollar (USD) remains strong near a two-month high, exerting downward pressure...
The USD/CHF pair has witnessed dip-buying activity on Thursday after experiencing a pullback within the range of the 38.2% and 50% Fibonacci levels. While spot prices show a mildly positive bias during the early European session, they remain comfortably close to the nearly five-week high reached on Wednesday. The US Dollar (USD) has been strengthening for the...