The EUR/USD pair will likely have a bearish breakout and drop to the 20-year low of 1.0280.
Timeline: 1-3 days.The EUR/USD made a major bearish breakout last week as investors focused on the weakening of the European economy and the overall bullish US dollar. The pair slumped to a low of 1.0350, which was the lowest level since 2017. A slight decline below this level will push the pair to the lowest level since 2002.The European economy has been under serious strain in the past few months because of the situation in Ukraine.
At the same time, the bloc is struggling from an increased shortage of wheat and other industrial metals like steel and aluminum. Therefore, analysts expect that the bloc’s inflation will keep rising in the coming months. The other key numbers will come on Tuesday, when the agency will release the preliminary GDP and employment change numbers. Economists believe that the economy expanded by 5.0% in the quarter. Christine Lagarde will also deliver a speech, a week after she signaled that that the bank will hike interest rates.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
20 injured in Milwaukee shootings after Bucks-Celtics playoff gameAuthorities say 20 people were injured in two shootings in downtown Milwaukee near where thousands of people were watching the Bucks play the Celtics.
Leer más »
20 injured in Milwaukee shootings after Bucks playoff gameAuthorities say 20 people were injured in two shootings in downtown Milwaukee near an entertainment district where thousands of people were watching the Bucks play the Celtics in the NBA’s Eastern Conference semifinals
Leer más »
20 Injured in Milwaukee Shootings After Bucks Playoff GameAuthorities say 20 people were injured in two shootings in downtown Milwaukee near an entertainment district
Leer más »
20 injured in Milwaukee shootings after Bucks playoff gameMILWAUKEE (AP) — Twenty people were injured in two shootings in downtown Milwaukee near an entertainment district where thousands had been watching the Bucks play the Celtics in Game 6 of the NBA's Eastern Conference semifinals, authorities said.
Leer más »
Shoppers Say This Balm Makes Their Under Eyes ‘Brighter & Younger-Looking’—& It’s 20% OffForget the under-eye cream—give us a balm. 😌
Leer más »