$EURUSD Forecast: Euro's recovery attempts to remain as technical corrections by eren_fxstreet forex trading
The Bank of England noted on Thursday that the UK economy could slide into recession in 2022 with rising energy prices pushing inflation above 10%. This warning reminded investors of the fact that the Fed could afford to continue to tighten its policy rate at a more aggressive pace than the BOE and theThereached its highest level since late-2002 above 104.
The Euro Stoxx 600 Index is down nearly 1% on the day and Wall Street's main indexes trade in negative territory, suggesting that safe-haven flows are likely to continue to dominate the markets in the second half of the day and limit EUR/USD's upside.will feature the April jobs report. Nonfarm Payrolls are expected to rise by 391,000 in April following March's increase of 431,000. Investors, however, are likely to pay close attention to the wage inflation data.
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