EUR/USD higher for Thursday, but fighting for gains. Risk appetite is back on the cards as investors celebrate the end of Fed rate hikes. US NFP Friday still on the cards to close out the week. The EUR/USD caught some lift for Thursday, risingas broader markets continue to climb, fueled by a dovish Federal Reserve on Wednesday that sees investors flocking to risk assets in celebration of the perceived end of the Fed's rate hike cycle.
A miss-or-match for the headline NFP figure could see the US Dollar pare losses as investors pile back into the safe haven, while a beat for US jobs reporting could see traders get a splash of cold water on adjusting interest rate forecasts. EUR/USD Technical Outlook Despite Thursday's risk-on rally, The EUR/USD continues to trade near familiar territory on the daily candlesticks, testing technical resistance to the upside from the 50-day Simple Moving Average .
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: FXStreetNews - 🏆 14. / 72 Read more »