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US inflation data to influence September Fed rate hike bets

EUR/USD Weekly Forecast: More fireworks ahead as inflation data looms Premium

Valeria Bednarik
FXStreet

The EUR/USD pair plummeted to a 20-year low of 1.0071 on Friday to end the week at around 1.0170. Panic took over financial markets amid lingering recession fears and mounting inflationary pressures, spiced with an energy crisis in Europe, courtesy of Russia. Investors moved into safety, and the dollar made the most out of it. Demand for US government bonds weighed on yields at the beginning of the week, although the Treasury yield curve inverted, and hell broke loose.

All eyes on earnings and inflation

Ipek Ozkardeskaya
Swissquote Bank Ltd

The week starts on mixed sentiment, as European and US futures are down, and the US dollar is up this morning. A mixture of micro and macro events will set the tone for this week and onward, as the earnings season kicks off this week, and the latest US inflation figures will be released, as well.

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