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EUR/USD – Price Analysis and Forecast: ECB President Christine Lagarde Disappoints Euro Buyers
On Tuesday, the EUR/USD currency pair
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On Tuesday, the EUR/USD currency pair is trading lower, moving toward its yearly low.Yesterday, on Monday, at a meeting of the European Parliament committee, European Central Bank (ECB) President Christine Lagarde stated that a measured monetary policy response remains appropriate, as there are currently no signs that rising energy prices are leading to higher wages. Lagarde's attempt to cool market expectations of a more aggressive rate-hiking cycle disappointed euro bulls.On the other side of the EUR/USD pair, the U.S. dollar
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