EUR/USD snaps losing streak, but market clouds continue to gather
Portfolio Pulse from
The article discusses recent economic developments, highlighting US Q4 GDP growth of 2.4% and potential challenges ahead. Moody's warned about higher tariffs and tax cuts potentially increasing government deficits, while the CBO reduced its 2025 GDP forecast to 1.9%. Key concerns include policy uncertainty, potential debt rating downgrades, and rising budget deficits.
March 27, 2025 | 11:30 pm
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NEUTRAL IMPACT
EUR/USD broke a six-day losing streak, rising 0.4%. Technical analysis suggests potential volatility around the 1.0900 handle, with support near 1.0700. Upcoming Core PCE inflation data could influence near-term movement.
The currency pair is directly discussed in the article, with technical analysis and potential market drivers highlighted. The upcoming PCE inflation data could significantly impact short-term movement.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100