Straits Times Index
3,098.25 +56.96 (+1.87%) S&P 500
4,636.84 +69.84 (+1.53%) Dow
34,893.47 +409.75 (+1.19%) Nasdaq
15,753.33 +215.64 (+1.39%) BTC-USD
58,489.48 -53.32 (-0.09%) CMC Crypto 200
1,491.83 +22.74 (+1.55%)
EUR/USD (EURUSD=X)
| Previous close | 1.1339 |
| Open | 1.1340 |
| Bid | 1.1344 |
| Day's range | 1.1307 - 1.1360 |
| 52-week range | 1.1188 - 1.2350 |
| Ask | 1.1338 |
- FX Empire
Economic Data Delivers Mixed Results for the EUR Ahead of U.S Stats and FED Chair Powell Testimony
A choppy start to the European session saw the EUR fall to a current day low before finding support. While softer, PMI numbers offset disappointing retail sales data from Germany.
- FX Empire
EUR/USD Daily Forecast – Test Of Support At 1.1325
EUR/USD settled below the 20 EMA and is testing the support level at 1.1325.
- Investing.com
Dollar Edges Lower After Powell's Comments Prompted Gains
The dollar edged lower Wednesday, consolidating after strong gains during the previous session after Fed Chair Jerome Powell indicated the U.S. central bank is likely to speed up the tapering of its asset purchases. Driving the earlier dollar gains were comments from the head of the Federal Reserve, Jerome Powell, to the Senate Banking Committee on Tuesday. "At this point, the economy is very strong and inflationary pressures are higher, and it is therefore appropriate in my view to consider wrapping up the taper of our asset purchases, perhaps a few months sooner," said Powell, while indicating that it was time to "retire" the word transitory when talking about high inflation levels.
