After staging a decisive recovery during ECB President Mario Draghi’s press conference and climbing toward the 1.14 handle, the EUR/USD pair came under heavy selling pressure in the last hour and touched the 1.13 mark for the first time since December 14. As of writing, the pair was trading at 1.1305, erasing 0.66% on a daily basis.
White House economic adviser Kudlow’s optimistic comments on the U.S. – China trade talks provided a boost to the greenback and the US Dollar Index advanced to a 3-week high of 95.60 just recently. On the other hand, German newspaper Handelsblatt reported that Germany’s GDP growth forecast in 2019 was expected to cut to 1% to weigh on the shared currency.
Share
