EUR/USD HOLDS STEADY AROUND 1.0980 AS UPBEAT US PMIS EASE RECESSION FEARS... dari Take Prof

23 Apr 2023, 08:44 · Views 44

S&P Global PMI figures ease recessionary fears, boost US economy.
Traders’ moods fluctuating to risk-on/off dominated the New York session.
EU’s PMI results are mixed; manufacturing activity shranks, while Services and Composite Indices exceed expectations.
Markets remain cautious amid uncertain rate outlooks from the Fed and the ECB.

The EUR/USD prepares to finish the week on a higher note, though it remains below the 1.1000 figure, albeit economic data from the United States (US) bolstered the US Dollar (USD). However, late into the Wall Street close, the greenback lost strength, US equities rose, and the Euro (EUR) recovered some ground. Hence, the EUR/USD is trading at 1.0988 after reaching a low of 1.0937.

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