USDEUR USD/EUR
- 0.9186
- -0.0002-0.02%
USD/EUR News
Federal Reserve Goulsby is happy to see anti-inflation progress and says there is still room for further deceleration
Chicago Federal Reserve Chairman Goulsby said in an interview that he welcomed the slowdown in price growth in April, but said there is still room for further deceleration in inflation.
EUR/USD Reaches for 1.0900, Easing US CPI Inflation Pummels Greenback
EUR/USD climbed on Wednesday in one of the pair’s single-best days of 2024, climbing towards 1.0900 and on pace to etch in a fourth consecutive gain week.
Chicago Federal Reserve Governor Goolsbee praises cooling inflation and says more progress is needed
Chicago Federal Reserve Governor Austan Goolsbee welcomed the slowdown in inflation in April, but said there is still room for further decline in inflation. Goolsbee said after the release of the CPI data on Wednesday that he would like to see more such reports before supporting interest rate cuts. Recommended reading: US inflation has cooled down for the first time in six months, giving Federal Reserve officials who want to cut interest rates this year. Inflation shows “an improvement compared to the last time. It is basically in line with our expectations, but it is still higher than the level of the second half of last year,” Goolsbee said in an interview with the Marketplace radio program
Forex Today: US Inflation Bolstered the Risk Appetite
The risk complex regained strong upside traction on the back of the generalized offered stance in the US Dollar in the wake of the release of US inflation data measured by the CPI in April.
Dow Jones Industrial Average Climbs 300 Points After US CPI Inflation Eases Further
Dow Jones continues march to fresh all-time highs, approaching 40,000.00.
US CPI data shows that inflationary pressure has weakened, and USD/JPY fell more than 1% intraday
On Wednesday (May 15), the USD/JPY exchange rate fell 1.1% to 154.736 in the US market, then narrowed part of the decline. The yen exchange rate has fluctuated greatly in recent weeks. At the end of April, it fell below 160 for the first time since 1990, then rebounded sharply after two rounds of suspected intervention by the authorities.
Fed's Kashkari: Housing Remains an Area I'm Focused on
The Fed is focused on underlying demand in the economy to get inflation down.
Wall Street reviews US CPI: Opening the door to this year's interest rate cuts will be enough for the Federal Reserve to cut interest rates in September
Wall Street analysts said that even if the April inflation data does not allow the Federal Reserve to cut interest rates in July, it is enough to cut interest rates starting in September. However, some analysts are conservative and believe that retail sales data falling short of expectations may be a major hidden danger, indicating that the Federal Reserve needs to obtain more evidence before taking action.
EUR/USD Is Trying to Break the Five-month Downtrend
The US dollar has been under relentless pressure since last Thursday, approaching more than one-month lows against the euro and the pound.
EURUSD Breaks Through $1.08 Next Levels 1.10-1.11 [Video]
In today’s TradeGATEHub Live Trading session, Coach Dale discusses the EURUSD breaking through the $1.08 mark, with eyes set on the next resistance levels at $1.10 to $1.11.
April CPI: It's a Start
The first CPI report of Q2 should be seen as welcome news by the FOMC.
US Inflation and Retail Sales Data Add to Pressure on Fed to Signal Rate Cut
The US CPI report for April was mostly in line with expectations. The annual rate for headline price growth fell to 3.4% from 3.5%, while the core rate declined to 3.6% from 3.8%.
Retail Sales Flat in April, Falling Short of Wall Street's Expectations
The US consumer showed signs of slowing in April.
U.S. Consumer Prices Increased 3.4% in April From Year Earlier -- WSJ
U.S. inflation eased in April, with a key measure of price pressures slowing to its lowest level since spring 2021.
Eurozone Industrial Production Seems to Be Tentatively Bottoming Out, With Modest Recovery Seen in H2, Says ING
Eurozone industrial production (IP) Wednesday increased 0.6% m/m in March after also growing in February, noted ING.
Traders Ramp Up Bets in Options Market on Large ECB Rate Cuts
A flurry of trades betting on large interest-rate cuts from the European Central Bank is showing up in the options market.
Is the soft landing on track? Eurozone GDP grew 0.4% year-on-year in the first quarter
The EU said that the Eurozone's soft landing is on track, inflation is falling faster than previously expected, and predicts 0.8% GDP growth in 2024.
EUR/USD Posts Fresh Monthly High Ahead of US Inflation
EUR/USD refreshes monthly high near 1.0830 in Wednesday’s European session.
Eurozone Industry to Pick Up in Second Half of 2024 -- Market Talk
Eurozone industrial production seems to be tentatively bottoming out, despite not having broken out of its subdued trend that started in 2022, according to ING economist Bert Colijn.
EUR/USD Outlook: At Five-week High and Testing Key Resistance Zone Ahead of Release of US CPI Data
The Euro keeps firm tone and hits new five-week high in early European trading on Wednesday.