EUR/USD continued to stretch higher toward 1.0650 early Thursday after posting small daily gains on Wednesday. The near-term technical outlook suggest
EUR/USD continued to edge higher after posting gains on Wednesday. Investors await September inflation data from the US. Buyers are likely to remain interested as long as the Euro holds above 1.0570-1.0580. s that the pair is close to turning overbought but investors could ignore this condition in case US inflation data come in softer than forecast. Risk flows continued to dominate the financial markets mid-week and the US Dollar found it difficult to hold its ground.
For example, if you pick the Euro from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent EUR /JPY . Early Thursday, US stock index futures trade in positive territory, pointing to an upbeat market mood. In the second half of the day, September Consumer Price Index data from the US will be watched closely by market participants.
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