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EUR/USD sees more downside to near 1.0900 as ECB to slow down policy-tightening pace

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EUR/USD sees more downside to near 1.0900 as ECB to slow down policy-tightening pace – by Sagar_Dua24 EURUSD Fed ECB Inflation DollarIndex

The USD Index has shown a minor correction after printing a fresh three-day high of 102.22 as Fedfunds market is conveying that one more rate hike cannot be ruled out despite easing labor market conditions and softening United States inflation. President and CEO of theof Richmond Thomas Barkin said that he wants to see more evidence of inflation settling back to target.

The Euro witnessed extreme selling pressure as investors are divided about the pace of hiking interest rates by. Also, ECB policymaker Martins Kazaks said on Monday, the central bank has the option of 25 basis points or 50 bps move in May.

 

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