The strength of EUR is greatly affected by the USD
Updated
The market has implemented the term "hawkish pause" to boost the value of the USD. Perhaps, in an effort to sustain USD strength for a little longer (the euro has weakened by 4.5% over the past 6 months), few people have confidence in the Fed to make a decisive move.
This morning, Jerome Powell noted in his public speech that the committee has not discussed what it may plan for its December decision but dismissed the idea that it would be very difficult to start hiking rates again.
EUR/USD is trading around 1.0600 in the European morning on Thursday. The US Dollar is experiencing sustained weakness due to the extended pause decision by the Fed and the non-committal stance of Fed Chair Powell, which is boosting risk sentiment and putting downward pressure on US Treasury bond yields.
This morning, Jerome Powell noted in his public speech that the committee has not discussed what it may plan for its December decision but dismissed the idea that it would be very difficult to start hiking rates again.
EUR/USD is trading around 1.0600 in the European morning on Thursday. The US Dollar is experiencing sustained weakness due to the extended pause decision by the Fed and the non-committal stance of Fed Chair Powell, which is boosting risk sentiment and putting downward pressure on US Treasury bond yields.
Note
trendline has stopped the EUR's rising momentum
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