- The dollar continues to retreat throughout the market.
- EUR / USD accumulates a rise above 125 pips from Tuesday’s low.
- The ECB’s decision and US data are coming.
EUR / USD is rising for the third day in a row and continues to rally after falling to 1.1833 on Tuesday, the lowest level in three and a half months. After surpassing 1.1935 it accelerated to the upside and reached 1.1968, the highest in six days. The euro remains in the zone of highs in anticipation of an important decision.
Attentive to the ECB, requests for subsidies and debt placement
At 12:45 GMT the decision of the Governing Board of the European Central Bank. No changes in interest rates are expected, nor changes in the purchasing program. The focus will be on what the central bank has to say about the rise in bond yields and how they would act if the trend accelerates. This can have an influence on the euro and bonds.
In the CAt the beginning of Lagarde’s press conference, the figures for weekly requests for unemployment benefits in the US will be released. The focus will also be on the US in the 30-year debt placement. The 10-year Wednesday did not generate tensions and favored a certain calm in the market.
The decline in bond yields in recent sessions is one of the factors behind the dollar’s decline in the market. The 10-year benchmark rate is below 1.50%, at the lowest level in a week. This, added to the rise in the stock markets, left the dollar weak on all fronts.
Technical levels
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