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EUR/USD Outlook: Hawkish Fed, US Data Push Euro Under 1.09

EUR/USD Outlook: Hawkish Fed, US Data Push Euro Under 1.09
There was a significant rise in US single-family home construction in July. The euro weakened to a six-week low. The Federal Reserve reported a 0.5% increase in manufacturing output. Today’s EUR/USD outlook is bearish. The dollar has gained support from recent strong US economic data. This has reinforced the belief that interest rates will remain … Continued The post EUR/USD Outlook: Hawkish Fed, US Data Push Euro Under 1.09 appeared first on Forex Crunch... Read More
Posted: Aug 17 2023, 10:33
Author Name: forexcrunch
Views: 022143

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