Up Next Looking ahead to the US session, it is another quiet day on the US economic calendar. There are no US economic indicators for investors to con
Up Next
Looking ahead to the US session, it is another quiet day on the US economic calendar. There are no US economic indicators for investors to consider during the US session. The lack of stats will leave the Federal Reserve in the spotlight. Fed Chair Powell will deliver testimony, with a hawkish Fed Chair would put the EUR/USD on the back foot.
US economic indicators support a more aggressive Fed interest rate trajectory to tackle sticky inflation. Lawmakers will likely grill the Fed Chair over its delays in tightening monetary policy and the interest rate trajectory considering the US unemployment rate stands at 3.4%.
Dovish commentary and the talk of slow and steady would tilt monetary policy divergence in favor of the ECB and deliver a EUR/USD breakout.
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