EUR/USD grinds near one-week high, prints three-day uptrend, despite latest retreat from the daily top. FOMC Minutes, statistics from the United States favor US Dollar bears. Challenges to sentiment from China, Thanksgiving holiday allows buyers to take a breather. Germany IFO data, ECB Minutes may help buyers amid cautious optimism in the bloc. EUR/USD pares

EUR/USD grinds near one-week high, prints three-day uptrend, despite latest retreat from the daily top. FOMC Minutes, statistics from the United States favor US Dollar bears. Challenges to sentiment from China, Thanksgiving holiday allows buyers to take a breather. Germany IFO data, ECB Minutes may help buyers amid cautious optimism in the bloc. EUR/USD pares

The China coronavirus situation has been brushed aside this week despite the fresh tightening. After the 20th National Congress of the Chinese Communist Party last month, investors were backing the enthusiasm surrounding the prospects that Beijing would adjust its zero-COVID policy. There had been announcements of the strategy mentioned back in November of a strategy to loosen restrictions

The China coronavirus situation has been brushed aside this week despite the fresh tightening. After the 20th National Congress of the Chinese Communist Party last month, investors were backing the enthusiasm surrounding the prospects that Beijing would adjust its zero-COVID policy. There had been announcements of the strategy mentioned back in November of a strategy to loosen restrictions

The US Dollar is expected to test its three-month low at 105.35 amid sheer optimism in global markets. Fed’s Powell would shift to a 50 bps rate hike option as inflation is still in a persistent stage. Investors should brace for a higher Fed’s terminal rate as achievement of price stability is still far. The

The US Dollar is expected to test its three-month low at 105.35 amid sheer optimism in global markets. Fed’s Powell would shift to a 50 bps rate hike option as inflation is still in a persistent stage. Investors should brace for a higher Fed’s terminal rate as achievement of price stability is still far. The