Last week, the EUR/USD pair experienced some volatility due to the US Federal Reserve’s interest rate decision and economic projections.
The Euro opened last week at 1.0688, recorded its highest price at 1.0929, its lowest price at 1.0631, and closed the week at 1.0759.
The US interest rate decision and the speech of Treasury Secretary Janet Yellen affected the weakness of the US dollar, and in the coming week we expect further rise of the euro, reaching 1.1030
This week, there are several events that may impact the EUR/USD pair.
- The Gross Domestic Product of the United States of America, which will be released on Thursday, March 30, 2023
- Unemployment Claims in the United States of America, which will be issued on Thursday afternoon, March 30, 2023
Overall, the EUR/USD pair could experience some volatility this week depending on the outcome of these economic events and any new developments in global financial markets.