EUR/USD PINNED INTO LOW END BELOW 1.0700 ONCE AGAIN

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  • EUR/USD flubs the 1.0700 handle as bearish flows keep the Fiber pinned.
  • Broad-market sentiment favored the Greenback on Wednesday as rate cut hopes dry up.
  • Late-week key data prints to drive market momentum after an easy start to the week.

EUR/USD backslid into the 1.0680 region on Wednesday after the German GfK Consumer Confidence Survey for July ticked lower unexpectedly, and a lack of meaningful data during the American trading session left investors to chew on a cautious Federal Reserve (Fed) stance this week that saw rate cut bets shift lower.


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