News
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Pound Sterling outperforms US Dollar as Fed dovish bets rise on weak US Services PMI
The Pound Sterling jumps to near 1.2700 against a weakened US Dollar after a sharp slowdown in US services sector data for February. Traders expect the BoE to cut interest rates two times more this year. This week, investors will focus on the US Durable Goods and PCE inflation data for January.
Fxstreet
Mon, Feb 24
EUR/GBP rises to near 0.8300 following Germany’s conservative victory
EUR/GBP climbs as market sentiment improves after Germany’s conservative election victory. Investors focus on the coalition-building process, with strong leadership viewed as essential for driving key fiscal reforms in Germany. The Pound Sterling may find support as expectations for a Bank of Englan
Fxstreet
Mon, Feb 24
ECB's Wunsch warns of risk of 'sleepwalking' into excessive rate cuts, FT reports
European Central Bank policymaker Pierre Wunsch said the euro zone faces the risk of "sleepwalking" into excessive interest rate cuts and must be prepared to stop lowering borrowing costs soon, the Financial Times reported on Monday.Reuters
Mon, Feb 24
EUR/USD Price Forecast: Climbs beyond 1.0500, eyes 100-day SMA ahead of Eurozone CPI
The EUR/USD pair regains positive traction at the start of a new week and hits a near one-month top, around the 1.0525-1.0530 area during the Asian session amid renewed US Dollar (USD) selling bias.Fxstreet
Mon, Feb 24
FOREX-Euro gains after Germany's conservatives win, dollar eases
Euro rises in wake of German election resultsDollar on the defensive as U.S. growth concerns weighYen rises to strongest since early DecemberBy Rae Wee SINGAPORE, Feb 24 (Reuters) - The euro firmed on Monday after Germany's opposition conservatives won the national election as expected, while...Reuters
Mon, Feb 24
