The EUR/USD pair holds below the 1.0600 mark after retracing from near 1.0700 during the early Asian session on Wednesday. The sell-off of the major p
EUR/USD remains on the defensive under the 1.0600 psychological mark. The US S&P Global PMI data for October came in better than expected. Eurozone economic data on Tuesday revealed a contraction in PMI and lower inflation in October. Traders will closely watch the US Q3 GDP, ECB rate decision on Thursday. air is supported by the rebound of the US dollar broadly and the optimistic US data. EUR/USD currently trades near 1.0593, gaining 0.03% on the day.
These reports support the anticipation that the European Central Bank will maintain interest rates unchanged on Thursday. The flash Composite PMI for the eurozone dropped to 46.5 in October from 47.2 in September. It was the sixth straight reading below 50, showing that the slowdown is ongoing. Meanwhile, the Manufacturing PMI decreased to 43.0 versus 43.4 prior, worse than expected of 43.7. The Services PMI fell to 47.8 versus 48.7 prior.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
EUR/USD holds below the 1.0600 mark ahead of ECB rate decisionThe EUR/USD pair turns red during the early Asian session on Monday after retracing from the 1.0600 psychological round mark. Market players await the
Weiterlesen »
EUR/USD Price Analysis: Remains capped below the 1.0600 mark, all eyes on ECB rate decisionThe EUR/USD pair snaps a two-day winning streak during the early European session on Monday. Market players await the European Central Bank (ECB) Inte
Weiterlesen »
EUR/USD slumps below 1.0600 as US bond yields rise, EU’s data disappointsEUR/USD reverses its course at the 50-day moving average (DMA) and slides below the 1.0600 psychological level as Treasury bond yields in the United S
Weiterlesen »
EUR/USD Forecast: Euro loses bullish momentum after PMI dataEUR/USD climbed to its highest level in five weeks near 1.0700 in the European morning on Tuesday but lost its traction following the disappointing PM
Weiterlesen »
Euro (EUR) Latest: EUR/USD Nudges Lower after Weak Eurozone PMI DataThe latest PMI data suggests the possibility of a mild recession in the Eurozone in H2 and this will add further pressure on the ECB to leave interest rates unchanged at this week’s meeting.
Weiterlesen »