Euro recovers above 1.1700 as ECB rate hike expectations counter stronger US PPI
The EUR/USD pair recovers some lost ground to near 1.1720 during the early Asian session on Thursday. The Euro (EUR) edges higher against the US Dollar (USD) on hawkish signals by European Central Bank (ECB) officials.
The Euro is likely to maintain its upward momentum against the US Dollar as market participants react to the ECB's hawkish signals. This may push the EUR/USD pair further above the 1.1720 level in the near term.
The EUR/USD pair recovers some lost ground to near 1.1720 during the early Asian session on Thursday. The Euro (EUR) edges higher against the US Dollar (USD) on hawkish signals by European Central Bank (ECB) officials.
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