EUR/USD halts its two days of losses ahead of FOMC Minutes on Wednesday. Fed’s Susan Collins stated that progress toward interest rate adjustment will take longer. The likelihood of surrounding the ECB extending the rate-cut cycle is providingsupport for the Euro. EUR/USD remains stable ahead of the release of the Minutes from the Federal Open Market Committee meeting held on May 1, scheduled for Wednesday. The pair hovers around 1.0850 during the Asian trading session.
6% a day ago. On the Euro front, Eurostat released a Trade Balance of €24.1 billion in March, wider than the previous month's €22.8 billion and surpassing market forecasts of €19.9 billion. This marked the largest trade surplus since December 2020. The uncertainty surrounding the European Central Bank extending the rate-cut cycle beyond June has intensified, providingsupport for the Euro.