Euro slowed down on the rumors

According to unconfirmed reports, there were rumors that “the ECB politicians do not see the need to rush rates cut in July.”

Such rumors had some slowdown in the decline of the euro against the background of maintaining pressure from the American dollar. These rumors are more speculative, especially given the lack of speeches. But it is also worth noting that the ECB did not speak of intentions to cut rates in the future, adhering to a soft policy.

Against the background of market restraint, the EUR/USD pair continues to trade in different directions, limiting itself to attempts of correction after a decline and a downtrend. This pair is also limited to the trading range from 1.1320 to 1.1250.

Fig.  EUR/USD chart. Current price – 1.1290

Reas also: “Escalation of the US – China trade war
 and what it means for the market”

Hanzenko Anton

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