EUR/USD remains near 1.09 due to cautious market sentiment ahead of central bank decisions, including the US Fed.
EUR/USD holds around 1.09 amid cautious market sentiment ahead of multiple central bank policy decisions, including the US Federal Reserve (Fed). The Eurozone confirmed a 3.1% YoY Core Harmonized Index of Consumer Prices for February, while the US Dollar has experienced mild selling pressure as stock markets rise. The upcoming Fed decision, expected to hold interest rates steady, will likely influence the EUR/USD's short-term trajectory. Analysts predict limited bullish potential for the currency pair as market participants await further guidance from central banks.
March 18, 2024
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