The EUR/USD pair recovered ground on Tuesday, peaking mid-European session at 1.0610, as the mood improved following comments from Federal Reserve (F
EUR/USD Current Price: 1.0589 Federal Reserve officials cooled down expectations for a soon-to-come rate hike. United States Treasury bond yields retreated further, weighing on the US Dollar. EUR/USD holding on to positive ground but losing its bullish momentum. ed) officials, cooling down expectations for a November rate hike.
The macroeconomic calendar had little to offer. The US published the NFIB Business Optimism Index, which declined to 90.8 from 91.3 in August, missing the market expectations. More Fed speakers will be on the wires later in the day, and their words will likely set the mood ahead of the release of the Federal Open Market Committee Meeting Minutes on Wednesday. EUR/USD short-term technical outlook The EUR/USD pair eased from the aforementioned high to trade around 1.
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