Late last week, the EURUSD got back to the price range it had been before the Fed decision came out. The investors are thus no longer wary of the too dovish Fed. The EURUSD is currently trading at around 1.1302.
Over the last two weeks, there were a lot of macroeconomic data, so this week they are going to be scarce. The Germany’s IfO is being released today; the index is expected to have risen to 98.70 in March, against 98.50 in Feb. This is a secondary release for the EURUSD, and the traders are not likely to be eying it too carefully.
The major currency pair corrected late last week after the Fed had decided to leave the key rate unchanged. The greenback got support on Thursday and Friday with good US data, such as the job report and the 10-year treasuries yield. The Eurozone stats, meanwhile, were weak, with the German PMI being lackluster. The major EU economy is now said to be slowing down the economic growth, being under pressure with both internal and external factors.
Orgin: RoboForex
