For the sixth consecutive session, EUR/USD continued to face downward pressure, slipping to levels near 1.0600 and marking new lows for 2024 amidst the ongoing strength of the US Dollar (USD).
EUR/USD challenged the 1.0600 zone, or yearly lows. The Greenback gathered extra pace and rose to fresh tops. Fed ’s Powell highlighted the performance of the US economy. For the sixth consecutive session, EUR/USD continued to face downward pressure, slipping to levels near 1.0600 and marking new lows for 2024 amidst the ongoing strength of the US Dollar .
Around the Fed, at an event hosted at The Wilson Center in Washington, Chair Powell stated that the recent data have not provided them with increased confidence; rather, they suggest that it will likely take more time than anticipated to attain that confidence.
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