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EUR/USD pegged a fresh 15-week high after testing just above the 1.1000 major handle. The pair is settling back as Tuesday’s trading session wraps up and heads into the close. Wednesday brings Eurozone Consumer Confidence, US GDP growth. The EUR/USD is easing back into the 1.0980 neighborhood after tipping into a 15-week high just above 1.1000, bolstered by a broad-market uptick in risk appetite, pushing the US Dollar (USD) down across the board and into the red against all other major currencies on Tuesday. Fed’s Waller: I am increasingly confident that policy is currently well positioned Markets mixed in the first half of Tuesday’s trading before markets surged in the US session, with risk bids climbing and the Greenback facing a selloff after Federal Reserve (Fed0 Governor Christopher Waller noted that he was confident that monetary policy is tight enough to bring inflation back down to 2%. Waller went on to note that he sees no reason to maintain elevated interest rates as long as inflation continues to settle lower, sparking a risk rally that saw the broader market lurch higher, dragging down the US Dollar. Wednesday brings a fresh round of Eurozone Consumer Confidence and November’s Economic Sentiment Indicator, as well as another printing of quarterly US Gross Domestic Product (GDP) growth. Eurozone Consumer Confidence is expected to hold steady at -16.9 for November, while the Economic Sentiment Indicator, a measure of European consumers’ confidence in the European economy, is forecast to see a slight uptick from October’s 93.3 to 93.7. US GDP for the third quarter will be the figure to watch on Wednesday, and the US is expected to see QoQ GDP growth tick upwards from 4.9% to 5.0%. Japanese Yen price today The table below shows the percentage change of Japanese Yen (JPY) against listed major currencies…

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Filed under: News - @ November 29, 2023 5:24 am