EUR/USD keeps the bid bias below 1.0900 on US data, looks at Lagarde – by pabspiovano EURUSD Currencies Majors RetailSales
EMU, Germany Economic Sentiment surprised to the downside.rapidly abandons the area of daily highs around 1.0900 in response to the sudden bout of strength in the dollar following the release of US Retail Sales.deflates to the 1.0860 region and rebounds afterwards following a quick uptick in the greenback, all in response to lower-than-expected results from the US docket.expanded at a monthly 0.4% in April, coming in short of initial expectations.
Later in the NA session, Industrial Production comes next ahead of the NAHB index and Business Inventories. Additionally, Fed’s Mester, Bostic, Williams, Logan and Barr are also due to speak The movement of the euro's value is expected to closely mirror the behaviour of the US Dollar and will likely be impacted by any differences in approach between the Fed and the ECB with regards to their plans for adjusting interest rates.
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