{"id":2527507,"date":"2023-03-23T21:41:31","date_gmt":"2023-03-24T01:41:31","guid":{"rendered":"https:\/\/platoai.gbaglobal.org\/platowire\/despite-hawkish-ecb-bets-eur-usd-drops-towards-1-0800-with-eurozone-us-pmis-in-focus\/"},"modified":"2023-03-23T21:41:31","modified_gmt":"2023-03-24T01:41:31","slug":"despite-hawkish-ecb-bets-eur-usd-drops-towards-1-0800-with-eurozone-us-pmis-in-focus","status":"publish","type":"platowire","link":"https:\/\/platoai.gbaglobal.org\/platowire\/despite-hawkish-ecb-bets-eur-usd-drops-towards-1-0800-with-eurozone-us-pmis-in-focus\/","title":{"rendered":"Despite hawkish ECB bets, EUR\/USD drops towards 1.0800 with Eurozone\/US PMIs in focus."},"content":{"rendered":"<p>The EUR\/USD currency pair has been in a state of flux over the past few weeks, with investors closely monitoring the actions of the European Central Bank (ECB) and the economic data coming out of both the Eurozone and the United States. Despite some hawkish bets on the ECB&#8217;s future monetary policy, the EUR\/USD has dropped towards 1.0800, with the focus now shifting to the upcoming PMI data releases.<\/p>\n<p>The ECB has been under pressure to take a more hawkish stance on monetary policy, as inflation in the Eurozone has remained stubbornly low. However, recent comments from ECB officials suggest that the central bank is not yet ready to make any major changes to its policy stance. This has led some investors to bet that the ECB will remain dovish for the foreseeable future, which has put downward pressure on the euro.<\/p>\n<p>At the same time, economic data from both the Eurozone and the United States has been mixed. While there have been some positive signs of growth in both regions, there are also concerns about the impact of rising COVID-19 cases and renewed lockdown measures. This has made it difficult for investors to get a clear read on the direction of the global economy, which has added to the volatility in currency markets.<\/p>\n<p>The focus now turns to the upcoming PMI data releases, which will provide further insight into the health of the manufacturing and services sectors in both the Eurozone and the United States. The PMI data is considered a leading indicator of economic activity, and any surprises in the numbers could have a significant impact on currency markets.<\/p>\n<p>If the PMI data comes in stronger than expected, it could provide a boost to the euro and push the EUR\/USD higher. On the other hand, weaker-than-expected data could put further downward pressure on the euro and push the currency pair towards 1.0800 or even lower.<\/p>\n<p>Overall, the EUR\/USD remains in a state of flux, with investors closely monitoring the actions of the ECB and the economic data coming out of both the Eurozone and the United States. The upcoming PMI data releases will be closely watched, and could provide some clarity on the direction of the currency pair in the short-term.<\/p>\n<ul class=\"plato-post-bottom-links\">\n<li class=\"plato-post-bottom-link-amplifi\">SEO Powered Content &amp; PR Distribution. <a href=\"https:\/\/www.amplifipr.com\" target=\"_blank\" rel=\"noopener\">Get Amplified Today.<\/a><\/li>\n<li class=\"plato-post-bottom-link-platoblockchain\">PlatoAiStream. Web3 Intelligence. Knowledge Amplified. <a href=\"https:\/\/platoaistream.com\" target=\"_blank\" rel=\"noopener\">Access Here.<\/a><\/li>\n<li class=\"plato-post-bottom-link-source\"><span>Source: Plato Data Intelligence:<\/span> <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/platodata.io\">PlatoData<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>The EUR\/USD currency pair has been in a state of flux over the past few weeks, with investors closely monitoring the actions of the European Central Bank (ECB) and the economic data coming out of both the Eurozone and the United States. Despite some hawkish bets on the ECB&#8217;s future monetary policy, the EUR\/USD has [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":2527026,"menu_order":0,"template":"Default","format":"standard","meta":[],"aiwire-tag":[14,933,2143,2880,11,17,18,20,21,954,23,368,6126,15398,7754,27,1174,2552,2553,2784,969,448,1396,971,33,1772,685,800,227,5483,1189,24666,591,989,654,3395,24625,3397,5173,9828,24626,1195,21057,1196,24711,2576,459,24628,24629,1329,2195,1213,10564,1015,50,1620,21290,51,2075,54,385,1222,16348,1518,2728,55,3405,4230,690,56,168,57,29629,9529,2219,3701,477,172,60,61,62,291,292,11077,173,66,67,177,178,1852,891,329,8339,2364,4924,69,486,1669,75,4677,78,184,1259,185,4572,1262,5,10,7,8,24610,5330,81,2503,190,833,2250,1819,666,302,6259,3075,491,3294,93,10029,2262,496,2264,3127,1456,1114,4181,2377,99,1700,837,3080,1993,1959,637,2630,25393,711,107,108,109,305,508,111,784,3931,2302,1960,1961,10160,2874,9,1304,123,124,125,2311,6],"aiwire":[29811],"_links":{"self":[{"href":"https:\/\/platoai.gbaglobal.org\/wp-json\/wp\/v2\/platowire\/2527507"}],"collection":[{"href":"https:\/\/platoai.gbaglobal.org\/wp-json\/wp\/v2\/platowire"}],"about":[{"href":"https:\/\/platoai.gbaglobal.org\/wp-json\/wp\/v2\/types\/platowire"}],"author":[{"embeddable":true,"href":"https:\/\/platoai.gbaglobal.org\/wp-json\/wp\/v2\/users\/2"}],"version-history":[{"count":0,"href":"https:\/\/platoai.gbaglobal.org\/wp-json\/wp\/v2\/platowire\/2527507\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/platoai.gbaglobal.org\/wp-json\/wp\/v2\/media\/2527026"}],"wp:attachment":[{"href":"https:\/\/platoai.gbaglobal.org\/wp-json\/wp\/v2\/media?parent=2527507"}],"wp:term":[{"taxonomy":"aiwire-tag","embeddable":true,"href":"https:\/\/platoai.gbaglobal.org\/wp-json\/wp\/v2\/aiwire-tag?post=2527507"},{"taxonomy":"aiwire","embeddable":true,"href":"https:\/\/platoai.gbaglobal.org\/wp-json\/wp\/v2\/aiwire?post=2527507"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}