USD Weakness:
Concerns about a potential U.S. recession are contributing to a general weakening of the U.S. dollar.
There are also factors related to US protectionism, and how the markets are reacting to those policies.
Also, there are reactions to US treasury yields.
EUR Strength:
European rates have seen very large movements, impacting the EUR.
Although the ECB is expected to continue with rate cuts, the euro has still shown strength.
There has been very strong bullish movement of the EURUSD pair, that has broken through resistance levels.
Concerns about a potential U.S. recession are contributing to a general weakening of the U.S. dollar.
There are also factors related to US protectionism, and how the markets are reacting to those policies.
Also, there are reactions to US treasury yields.
EUR Strength:
European rates have seen very large movements, impacting the EUR.
Although the ECB is expected to continue with rate cuts, the euro has still shown strength.
There has been very strong bullish movement of the EURUSD pair, that has broken through resistance levels.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.