Euro recovery fails ahead of 1.0700 and ECB policymakers point to a June rate cut.
In the US, strong employment levels and some hawkish comments by Fed’s Williams have provided a fresh boost to the USD.
The EUR/USD remains vulnerable, dangerously close to the mid-term low at 1.0600.
The Euro recovery has been capped a few pips shy of the 1.0700 area, and the pair pulled lower on Thursday, to hit intra-day lows at 1.0645. The dovish comments by ECB policymakers and strong US data endorsing the Fed’s “higher for longer” outlook have weighed the common currency.
Earlier today ECB’s Vice-President Francoise Villeroy, affirmed that, barring a major surprise the bank will cut rates in June. These words have been echoed by the Governor of the Austrian central bank and notorious hawk, Robert Holzmann.
