![](\"https:\/\/www.financialmirror.com\/wp-content\/uploads\/2022\/08\/euro_large-1.jpg\")
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The EURUSD pair is attracting buyers for the third successive day on Thursday and climbing to a one-and-half-week top, closer to mid-1.0800s during Asian trades.<\/p>\n
The US Dollar is extending this week\u2019s corrective decline from the highest level since February 14 amid the uncertainty over the Federal Reserve\u2019s rate cut path. Apart from this, a positive risk tone is seen as another factor undermining the safe-haven Greenback and acting as a tailwind for EURUSD.<\/p>\n
That said, expectations that the European Central Bank (ECB) will cut interest rates in June, bolstered by softer-than-expected Eurozone consumer inflation figures on Wednesday, might keep a lid on any further gains for the currency pair.<\/p>\n
(Source: OANDA)<\/p>\n","protected":false},"excerpt":{"rendered":"
The EURUSD pair is rising for the third day in a row, reaching a one-and-a-half-week high in Asian trading. The US Dollar is weakening due to uncertainty about the Federal Reserve’s rate cut path and a positive risk tone in the market. However, expectations of an interest rate cut by the European Central Bank in June could limit further gains for the currency pair.<\/p>\n","protected":false},"author":4,"featured_media":6815,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"Default","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[1902,4950,4601,478,3832,2190,260,50,599,1923,51,600,2624,4818,2515,372,52,67,899,374,2975,1401,54,34,55,375,4054,618,380,1124,57,18],"class_list":["post-6814","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-other","tag-bank","tag-buyers","tag-central-bank","tag-climbing","tag-currency","tag-decline","tag-dollar","tag-ecb","tag-euro","tag-euro-dollar","tag-european-central-bank","tag-eurusd","tag-eurusd-pair","tag-expectations","tag-february","tag-fed-rates","tag-federal-reserve","tag-inflation","tag-interest","tag-interest-rate","tag-interest-rate-cut","tag-interest-rates","tag-marketpulse","tag-markets","tag-oanda","tag-rate-cut","tag-risk","tag-top","tag-us","tag-us-dollar","tag-us-fed","tag-world"],"acf":{"keyphrase":"","keywords":"","sourceimg":"","country-category":""},"yoast_head":"\n