USD Gains Power in Crypto Market Amidst Bearish Signals for EURUSD Coin

USD Strength Amidst EURUSD Bearish Signals

The recent actions of the Federal Reserve, coupled with softer-than-expected US survey data and Friday’s underwhelming payroll figures, triggered a notable shift in US rates and the USD. Initially leaning towards potential rate hikes, market sentiments pivoted towards a more dovish stance, prompting a re-evaluation of USD positions.

The USD weakens despite holiday-thinned trading, prompting cautious optimism among traders. However, the broader trend favours a stronger dollar over the long term.

Read the full article for FREE at COINOTAG! 15m ago• CoinOtag EN bullish: 0 bearish: 0 Share by en.coinotag Recent Crypto News Fidelity Enhances Spot ETF with Crypto Staking Features – A Game Changer for Investors Added 38 minutes, 20 seconds ago by en.coinotag Popüler Meme Token’da Balina Hareketliliği: Token’da Yükseliş Beklentileri Added 38 minutes, 21 seconds ago by coin-turk Genesis Global (GEN) Wins Court Nod for $3 Billion Payout: Major Relief for Crypto Investors Amid Bankruptcy Added 38 minutes, 23 seconds ago by en.coinotag Solana (SOL) Eyes $330 Milestone: Analyst Predicts Breakthrough Amid Rising Investor Confidence Added 38 minutes, 24 seconds ago by en.coinotag Exploring Tether’s Impact on US Treasury: Insights into USDT’s Role in Financial Markets Added 48 minutes, 20 seconds ago by en.coinotag BlockDAG Unveils Revolutionary Roadmap & Secures $28M in Presale, Outshining Fantom (FTM) and Arbitrum (ARB) Market Updates Added 48 minutes, 21 seconds ago by en.coinotag Recent conversions 0.25 BNB to EUR 2.4 ETH to CHF 7000000 KRW to GBP 0.00000170 BTC to EUR 1.1 ETH to GBP 0.272 ETH to ETH 800 NT to EUR 0.030 BTC to BTC 0.00070000 BTC to AUD 645 DOGE to NOK 0.49 SOL to CHF We use cookies to ensure you get the best experience on our website. Learn more I agree