Stronger-than-expected US inflation data triggered sharp dollar gains on Wednesday with markets ruling out the possibility of a June rate cut.

The Euro to Dollar (EUR/USD) exchange rate dipped to April lows just above 1.0720 and came close to 8-week lows.

MUFG expects that EUR/USD will remain on the defensive trend with overall yield… Exchange Rates UK – Exchange Rates and Foreign Exchange
Stronger-than-expected US inflation data triggered sharp dollar gains on Wednesday with markets ruling out the possibility of a June rate cut.

The Euro to Dollar (EUR/USD) exchange rate dipped to April lows just above 1.0720 and came close to 8-week lows.

MUFG expects that EUR/USD will remain on the defensive trend with overall yield… Exchange Rates UK – Exchange Rates and Foreign Exchange  Read MoreEUR to USD, FX Insights, Institutional FX Forecasts 

​Exchange Rates UK – Currency News