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EUR/USD Price Slumps towards 1.1200 as Hawkish Fed Strengthens USD

Started by forex4you, Jan 31, 2022, 07:03 am

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Jan 31, 2022, 07:03 am
EUR/USD Price Slumps towards 1.1200 as Hawkish Fed Strengthens USD

EUR/USD bears remain in control as Asian stocks fall. The Fed’s tightening hawkishness is mirrored in global markets, putting pressure on risk-sensitive currencies. The dollar’s further strength is expected to undermine the EUR/USD and push it into the 1.10-12 range.  The EUR/USD price tumbles to 1.1200 area, following a second straight day of losses. Fed’s … Continued


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