Euro firms as softer Fed rate-hike bets pressure dollar
EUR/USD extended gains during Friday's Asian session, helped by reduced expectations for Federal Reserve rate hikes, though geopolitical concerns limited the upside.
EURUSD
EUR/USD attracted follow-through buying during the Asian session on Friday and attempted to build on the previous day’s rebound from around the 1.1500 psychological level.
The move reflected a softer dollar as receding bets on further Federal Reserve rate hikes weighed on the US currency.
Geopolitical risks were cited as a factor capping further euro gains, leaving the pair’s recovery measured.
Source: FXStreet Forex News