{"id":329904,"date":"2024-06-24T16:34:11","date_gmt":"2024-06-24T11:04:11","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=329904"},"modified":"2024-06-24T16:34:11","modified_gmt":"2024-06-24T11:04:11","slug":"eur-usd-bounces-back-strongly-as-market-sentiment-improves-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/eur-usd-bounces-back-strongly-as-market-sentiment-improves-crypto-news\/","title":{"rendered":"EUR\/USD bounces back strongly as market sentiment improves &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<ul>\n<li><b>EUR\/USD rebounds swiftly from 1.0670 as the appeal for risk-perceived assets improves.<\/b><\/li>\n<li><strong>The US economic outlook appears to be stronger than its peers.<\/strong><\/li>\n<li><strong>Weak preliminary Eurozone PMI boosts hopes of ECB\u2019s subsequent rate cuts.<\/strong><\/li>\n<\/ul>\n<p>The EUR\/USD pair recovers strongly from a weekly low of 1.0670 in Monday\u2019s European session. The major currency pair bounces back as the appeal for risk-sensitive assets improves amid growing speculation that the Federal Reserve (Fed) will start reducing interest <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/rates-charts\/rates\" data-fxs-autoanchor=\"\">rates<\/a> in the September meeting\u00a0and will deliver two rate cuts this year.<\/p>\n<p>S&amp;P 500 futures have posted some gains in the London session. 10-Year US Treasury yields remain sluggish near 4.25%. The <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/currencies\/us-dollar-index\" data-fxs-autoanchor=\"\">US Dollar Index<\/a> (DXY), which tracks the Greenback\u2019s value against six major currencies, corrects from the seven-week high of 105.90.<\/p>\n<p>On Friday, the US Dollar (USD) performed strongly after the preliminary S&amp;P Global <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/economic-calendar\" data-fxs-autoanchor=\"\">PMI<\/a> report for June showed that overall economic activity surprisingly expanded. Flash United States (US) Services business activity expanded to 26-month high at 55.1. The Manufacturing PMI rose to three-month high at 51.7.<\/p>\n<p>Though the US Dollar corrects from seven-month high, its near-term appeal has improved. Where all major economies failed to meeting PMI estimates, the US economy surprisingly expanded at a faster pace than their prior release.<\/p>\n<p>Meanwhile, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/currencies\/eurusd\" data-fxs-autoanchor=\"\">the Euro<\/a> delivers an upbeat performance against its peers in Monday\u2019s session as investors digest political uncertainty in France ahead of\u00a0 thefirst legislative elections round scheduled for June 30.<\/p>\n<p>The Euro recovered despite the preliminary HCOB PMI report for June pointing to a slowdown in the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/economic-calendar\/country\/c9822cb1-6cee-45f4-a9a2-89d136990308\" data-fxs-autoanchor=\"\">Eurozone<\/a> economy. Both Manufacturing and Services PMIs were weaker than expected, which has boosted expectations of subsequent rate cuts by the European Central Bank (ECB).<\/p>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>EUR\/USD rebounds swiftly from 1.0670 as the appeal for risk-perceived assets improves. The US economic outlook appears to be stronger than its peers. Weak preliminary Eurozone PMI boosts hopes of ECB\u2019s subsequent rate cuts. The EUR\/USD pair recovers strongly from a weekly low of 1.0670 in Monday\u2019s European session. The major currency pair bounces back [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":26657,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,825,433,366,255,388,250,252,1063,247,253,249,256,254],"class_list":["post-329904","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-ecb","tag-eurusd","tag-fed","tag-gta","tag-inflation","tag-looks-rare","tag-oracle","tag-pmi","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/329904","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=329904"}],"version-history":[{"count":3,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/329904\/revisions"}],"predecessor-version":[{"id":329910,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/329904\/revisions\/329910"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/26657"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=329904"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=329904"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=329904"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}