A mix of diverse risks is affecting the
currency pair, including geopolitical tensions in the Middle East and recent
statements from US Federal Reserve officials regarding the possibility of
reducing interest rates and addressing potentially high inflation rates.
The
forthcoming US Nonfarm Payrolls report on Friday at 3:30 is expected to be the
next significant event that might induce fluctuations in EUR/USD exchange
rates.
Dr. Kamaran Qader Yaqub,
Fundamental Analyst and Financial consultant at Investment Spot company.
