<\/p>\n
The EUR\/USD pair<\/a> trades on a softer note\u00a0around\u00a01.0770\u00a0during\u00a0the early Asian trading hours on Monday. Investors turn to cautious mode and prefer to wait on the sidelines ahead of the US\u00a0key\u00a0economic data this week.\u00a0The final reading of the US Consumer Price Index (CPI)\u00a0for April\u00a0will take center stage on Wednesday, which\u00a0is expected\u00a0to show an increase of 3.4% YoY.\u00a0<\/p>\n A jump in consumer inflation expectations has raised the expectation that the Federal Reserve might hold a rate for longer. The inflation outlook<\/a> registered the highest level since November 2023, with the one-year inflation outlook surging to 3.5% and the five-year outlook rising to 3.1%.\u00a0Dallas Fed<\/a> President\u00a0Lorie Logan\u00a0said\u00a0that\u00a0there are upside risks to inflation, adding it is too soon to\u00a0be cutting\u00a0interest rates.\u00a0<\/p>\n Meanwhile, Minneapolis Fed President Neel Kashkari stated that\u00a0he’s\u00a0in a\u00a0“wait-and-see\u00a0mode\u201d\u00a0and there is a\u00a0“high”\u00a0bar to concluding that higher rates are needed to cool inflation. These hawkish remarks from the Fed officials boost the Greenback and weigh on the\u00a0major\u00a0pair.<\/p>\n On the other hand, the European Central Bank (ECB)<\/a> policymakers noted last month that they\u00a0will\u00a0likely be in a position to cut interest rates in June as inflation in the Eurozone<\/a> is on track to ease back to 2% next year, according to the account of their April meeting. Markets expect the ECB to cut its interest rate on June 6\u00a0despite\u00a0the rate path beyond that is uncertain. The growing speculation of an ECB rate cut and a possible delay by the US Fed to its rate cuts is likely to cap the upside of the Euro (EUR) and create a headwind for the EUR\/USD pair in the near term.\u00a0<\/p>\n \u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" EUR\/USD weakens to 1.0770 in\u00a0Monday\u2019s\u00a0early Asian session.\u00a0 The high-for-longer US rate narrative\u00a0and,\u00a0the\u00a0Fed\u2019s\u00a0hawkish comments lift the Greenback.\u00a0 The ECB policymakers noted last month that they will likely be\u00a0in a position\u00a0to cut interest rates in June.\u00a0 The EUR\/USD pair trades on a softer note\u00a0around\u00a01.0770\u00a0during\u00a0the early Asian trading hours on Monday. Investors turn to cautious mode and prefer […]<\/p>\n","protected":false},"author":2,"featured_media":34607,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,433,255,250,333,277,252,247,253,249,256,254],"class_list":["post-300621","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-eurusd","tag-gta","tag-looks-rare","tag-macroeconomics","tag-majors","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\/300621","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=300621"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/300621\/revisions"}],"predecessor-version":[{"id":300622,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/300621\/revisions\/300622"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/34607"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=300621"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=300621"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=300621"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}