EUR/USD Consolidates Ahead of Key Economic Events
The EUR/USD pair hovered NEAR $1.1322 in early Monday trading as markets braced for pivotal economic developments. Stability emerged from Washington after former President Donald Trump confirmed Jerome Powell would remain Federal Reserve Chair until May 2026, despite his colorful criticism of the central banker as "a total stiff." The assurance of continuity at the Fed tempered near-term volatility.
April’s robust U.S. jobs data contrasted with looming trade tensions, as new tariffs on foreign films threatened to inject uncertainty into economic projections. Across the Atlantic, Eurozone inflation figures suggested a slower pace for ECB rate cuts than previously anticipated, with money markets now pricing just 60 basis points of easing by December.
