<\/p>\n
\n Share:<\/span><\/p>\n The EUR\/USD pair<\/a> struggles to extend recovery above three-day high of 1.0970 in the late European session. The major currency pair remains mostly unchanged as preliminary German Harmonized Index for Consumer Prices (HICP) for December rose as expected.<\/p>\n Monthly HICP grew at a slower pace of 0.2% against the consensus of 0.3% increase. In November, price pressures were contracted by 0.7%. The annual HICP rose to 3.8% as expected against earlier growth of 3.2%.<\/p>\n This may force European Central Bank (ECB) policymakers to stick to keeping interest rates unchanged further.<\/p>\n S&P500 futures have added significant gains in the European session. US equities<\/a> were heavily sold-off in the last two trading sessions and meaningful gains in overnight futures are indicating some recovery in the risk-appetite of the market participants.<\/p>\n The US Dollar Index (DXY) corrects to 102.20 after a sharp recovery as investors turn cautious ahead of the United States ADP Employment Change data for December, which will be published at 14:00 GMT. \u00a0As per the consensus, 115K new workers were recorded by the labour market against 103K additions in November.<\/p>\n Meanwhile, deepening prospects of rate cuts by the Federal Reserve (Fed) this year have strengthened as Federal Open Market Committee (FOMC) minutes for December monetary policy<\/a> meeting indicated that policymakers were worried about \u2018over-tightening\u2019 of interest rates<\/a>.<\/p>\n \u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" Share: EUR\/USD falls gradually as investors turn cautious ahead of US private Employment data. German HICP grew strongly by 3.8% in December as anticipated against 3.2% jump in November. Fed policymakers remain worried about over-tightening of interest rates. The EUR\/USD pair struggles to extend recovery above three-day high of 1.0970 in the late European session. […]<\/p>\n","protected":false},"author":2,"featured_media":9583,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,459,825,497,433,366,255,250,252,247,253,249,256,254],"class_list":["post-223614","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-dollarindex","tag-ecb","tag-employment","tag-eurusd","tag-fed","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/223614","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=223614"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/223614\/revisions"}],"predecessor-version":[{"id":223616,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/223614\/revisions\/223616"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/9583"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=223614"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=223614"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=223614"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n