USD/EUR Bearish Momentum With A 1% Fall In The Last 21 Sessions

(VIANEWS) – USD/EUR (USDEUR) has been up by 1.53% for the last 21 sessions. At 12:07 EST on Wednesday, 5 July, USD/EUR (USDEUR) is $0.92.

USD/EUR’s yearly highs and lows, it’s 2.108% up from its 52-week low and 12.192% down from its 52-week high.

Volatility

USD/EUR’s last week, last month’s, and last quarter’s current intraday variation average was a positive 0.21%, a negative 0.08%, and a positive 0.33%, respectively.

USD/EUR’s highest amplitude of average volatility was 0.21% (last week), 0.32% (last month), and 0.33% (last quarter), respectively.

News about

  • Usd/jpy trades with a mild negative bias around mid-144.00s, downside seems cushioned. According to FXStreet on Tuesday, 4 July, "This marks a big divergence in comparison to a more hawkish outlook by other major central banks, including the Federal Reserve (Fed), and supports prospects for the emergence of some dip-buying around the USD/JPY pair. ", "The recent jawboning by Japanese authorities fueled speculations about a potential intervention in the currency markets, which, in turn, is seen as a key factor that continues to act as a headwind for the USD/JPY pair. "
  • Usd/jpy hovers around mid-144.00s as yields flag recession, Japan intervention looms. According to FXStreet on Tuesday, 4 July, "Also challenging the USD/JPY buyers are the fears of recession signaled via the US Treasury bond yields inversion.", "Moving on, the US holiday will restrict immediate USD/JPY moves but the fears of market intervention can check the bullish bias despite hawkish Fed bets, favoring a 0.25% rate hike in July."
  • Usd/jpy clings to mild gains below 145.00 on mixed Japan data, intervention fears. According to FXStreet on Monday, 3 July, "However, the mixed headlines about China and the cautious mood ahead of this week’s top-tier data/events, comprising the Federal Open Market Committee(FOMC)Monetary policy meeting Minutes and the US jobs report, also prod the USD/JPY bulls.", "Also likely to have weighed on the USD/JPY price could be the downbeat prints of Japan’s final prints of Jibun Bank Manufacturing PMI for June, to 49.8 as it matches the initial forecasts."
  • Usd/jpy signal: potential buying opportunity today – 03 July 2023. According to DailyForex on Monday, 3 July, "This discrepancy favors continued upward momentum in the USD/JPY pair over the long term. ", "The bullish patterns and interest rate differentials suggest a favorable long-term outlook for the USD/JPY pair. "
  • According to FXStreet on Monday, 3 July, "However, the Bank of Japan’s (BoJ) defense of easy-money policy joins the recently softer Japan statistics to propel the USD/JPY pair.", "It’s worth noting that Japan Chief Cabinet Secretary Hirokazu Matsuno and Finance Minister (FinMin) Shunichi Suzuki have also recently flagged concerns about the Asian major’s market intervention as the USD/JPY stays near the multi-month high of around 145.00."

More news about USD/EUR (USDEUR).

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