{"id":84758,"date":"2023-06-01T21:01:58","date_gmt":"2023-06-01T17:01:58","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=84758"},"modified":"2023-06-01T21:04:19","modified_gmt":"2023-06-01T17:04:19","slug":"eur-usd-surges-on-dovish-fed-comments-weak-us-data","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/eur-usd-surges-on-dovish-fed-comments-weak-us-data\/06\/01\/market-updates\/","title":{"rendered":"EUR\/USD surges on dovish Fed comments, weak US data"},"content":{"rendered":"\n<p>The EUR\/USD reaches 1.0746, surging over 0.50% from its opening price, following a weekly low of 1.0635. Weakening US manufacturing activity, as indicated by the ISM Manufacturing PMI falling to 46.9 in May, fuels speculation of a Fed pause on tightening.<br><br>Mixed employment data shows private hiring surging but falling short of April\u2019s numbers, while Initial Jobless Claims indicate a tight labor market.<br><br>EUR\/USD shifted gears after printing a weekly low of 1.0635, climbs bolstered by dovish Fed officials\u2019 comments, alongside soft economic data from the United States (US). Therefore, investors looking towards a less hawkish Fed dumped the dollar in favor of riskier assets. At the time of writing, the EUR\/USD exchanges hands at 1.0746, more than 0.50% above its opening price.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The EUR\/USD reaches 1.0746, surging over 0.50% from its opening price, following a weekly low of 1.0635. Weakening US manufacturing activity, as indicated by the ISM Manufacturing PMI falling to 46.9 in May, fuels speculation of a Fed pause on tightening.Mixed employment data shows private hiring surging but falling short of April\u2019s numbers, while Initial &hellip;<\/p>\n","protected":false},"author":13,"featured_media":77027,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[6884,6885,7940],"class_list":["post-84758","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-eur-usd","tag-fed","tag-labour"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/84758","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=84758"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/84758\/revisions"}],"predecessor-version":[{"id":84802,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/84758\/revisions\/84802"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/77027"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=84758"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=84758"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=84758"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}