EUR/USD Forecast: Euro Looks To Re-Test April Swing Lows, U.S. CPI in Focus - DailyFX
5/9/2022 12:00:00 AM3 years 9 months ago
by Warren Venketas
by Warren Venketas
Dollar remains the darling amongst major currencies with a weakening Euro now down 7.2% against the USD YTD. Spotlight now turns to U.S. CPI for further guidance.
EUR/USD ANALYSIS
- USD opens higher.
- Fed speeches lead the way to U.S. inflation.
- EU oil ban on Russia dampens growth prospects.
- IG client sentiment: Mixed