Ella 
EUR/USD fell after facing resistance at the 1.0900 mark on Thursday, falling to recent lows of 1.0850 before recovering towards the 1.0880 area as the market prepares for Friday’s market session.
Policymakers at the Federal Reserve and the European Central Bank have been scrambling to temper market expectations for rate cuts, which are increasingly unlikely to be as swift or aggressive as investors have hoped.
Atlanta Fed President Raphael Bostic said at a news conference on Thursday that he doesn’t think the Fed will take action on policy rates until the third quarter at the earliest, assuming the inflation outlook continues at its current pace. . The ECB is still firmly avoiding making any specific commitments. The ECB’s latest “Final Account Summary” shows that the central bank’s Board of Governors is still skeptical about whether European inflation can be reduced to the ECB’s 2% target by 2025.
