The $EURUSD upward momentum continued as investors continued to brace for higher interest rates by the European Central Bank (ECB).
Enter your emailThe pair will likely keep rising as bulls target the key resistance level at 1.0900.Timeline: 1-2 days.upward momentum continued as investors continued to brace for higher interest rates by the European Central Bank .AdvertisementThe EUR/USD pair rose as investors continued to anticipate potential rate hikes by the ECB. In a blog post last week, Christine Lagarde noted that the bank will likely start hiking interest rates in July and then exit negative rates in September.
His statement came as the German statistics office published the latest consumer inflation data. According to Destatis, the country’s consumer price index jumped to a record high of 8.3% in May as the cost of living rose. This trend was mostly driven by the cost of food and energy prices.
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