1-US Debt Ceiling Vote: The vote on the US debt ceiling has caused a wave of uncertainty in the markets, creating a risk-off environment that has seen the US Dollar gain ground against other currencies, including the Euro. 2-US Labour Market Strength: The US job openings data for April was unexpectedly strong, which could compel the Federal Reserve to raise...
This week's key economic data, particularly Wednesday's inflation report, will play a significant role in determining the direction of the EUR/USD pair. If the inflation data reveals that the Fed needs to take more aggressive action to control inflation, the dollar could strengthen, leading to a short position for the EUR/USD pair. On the other hand, if the data...