EUR/USD - Short Position
The EUR/USD remains in choppy trading as market players prepare for the release of the FOMC March’s meeting minutes, but earlier gave way for USD bulls, as it broke below the 1.0900 mark during the European session, but reclaimed the latter in the North American session. At the time of writing, the EUR/USD is trading at 1.0905, barely flat.
Downbeat market mood and Fedspeaking boosts the greenback
The market sentiment is downbeat, as European equities finished with losses, while across the pond, the history is the same. In the Asian session, news that China’s Caixin Services for March fell below the 50 levels, in the same tenure as Monday’s Manufacturing reading, concerns market players. The recent China Covid-19 outbreak threatens to push the brakes on the global economic recovery.
Downbeat market mood and Fedspeaking boosts the greenback
The market sentiment is downbeat, as European equities finished with losses, while across the pond, the history is the same. In the Asian session, news that China’s Caixin Services for March fell below the 50 levels, in the same tenure as Monday’s Manufacturing reading, concerns market players. The recent China Covid-19 outbreak threatens to push the brakes on the global economic recovery.
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