EUR/USD Faces Pressure Amid Fed's Inflation Concerns
Friday, 30 August 2024, 15:08
The Current State of EUR/USD
The EUR/USD has observed a steady decline, narrowing down on the downside over the past three days. This movement reflects the market's reaction to the Fed's ongoing concerns regarding inflation, leading to an evaluation of interest rate bets.
Economic Data Highlights
- EU Inflation: No unexpected changes were reported, providing stability in the Eurozone.
- US PCE Inflation: Remains a crucial indicator as it has kept rate assessments on a tightrope.
As we look ahead, market participants are gearing up for a pivotal report on the US Non-Farm Payrolls (NFP), which could further shape the outlook for both the EUR/USD and Fed policy.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.