EUR/USD Faces Volatility Amid Central Bank Speakers and Economic Data
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#acbb1c95 ver:0.35
The EUR/USD currency pair is testing the key 200-day Simple Moving Average (SMA) on Friday, trading in the lower 1.0800s. The pair has experienced increased volatility since the Federal Reserve (Fed) policy meeting on Wednesday, with the release of US flash data for March showing the US economy in better shape than the euro area. The renewed strength of the US Dollar (USD) has forced EUR/USD to make a sharp U-turn on Thursday and close the day deep in negative territory. The S&P Global surveys from the US showed that the business activity in the private sector continued to expand at a healthy pace in early March, with the Composite PMI arriving at 52.2. The benchmark 10-year US Treasury bond yield is down nearly 1% on the day below 4.25%. In case US yields continue to edge lower ahead of t...
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