XForexTrade News

EUR/USD Steady at 1.1650 as PCE Inflation Data Drops

The EUR/USD pair is currently positioned at approximately 1.1650, continuing its erratic consolidation phase following a significant eight-day rally that paused near 1.1679—marking its peak in seven weeks. The euro is experiencing upward momentum, driven by robust Eurozone growth data and a general weakness in the U.S. dollar. However, it is now facing a significant … Read more

XForexTrade Updates

EUR/USD Rises Before European Inflation Release

Amid renewed positive momentum, the Euro has demonstrated a robust performance this week, bolstered by favorable yield differentials. On dependable trading platforms, the EUR/USD exchange rate increased to the 1.1675 resistance level yesterday, Wednesday, bolstered by positive trends in bond markets. Recently, bond yields (the interest rate paid on government debt) have increased more rapidly … Read more