EUR/USD Fundamental analysis
The EUR/USD was traded within a narrow range during the past days. On the background of an empty calendar macroeconomic the market participants haven’t taken a wait and traded quite sluggish. The 10-year U.S. bonds yields decrease as the important factor for the Forex also acts as a deterrent to continue the bearish trend.
The last BoE meeting publication caused the GBP/USD sale. The monetary regulator statement on "the wage dynamics weakness increases uncertainty about the unused resources volume" refers to the outlook risks for economic growth as the monetary authorities do not rush to raise the interest rates. Against this negative background the traders got rid of the pound.
The absence of macroeconomic statistics from Japan and the United States forced the traders to refrain from the USD/JPY active trading. The world's leading stock exchange decrease also pressures the pair, but then the dollar managed to regain lost ground amid the U.S. stock market rising.