The EUR/USD pair recovered some ground this week, ending at around 1.0590. The US Dollar slid despite a risk-averse environment as geopolitical woes i
Federal Reserve Chairman Jerome Powell maintains the door open for additional hikes. The European Central Bank will announce its monetary policy decision next week. EUR/USD consolidates below 1.0600 ahead of the next directional catalyst. n the Middle East continued to escalate. The war between Israel and Palestinian Hamas has kept investors on their toes, withIran getting more involved in the conflict.
Additionally, the assessment of the current situation resulted better than anticipated, printing at -79.9. The EU confirmed the September Harmonized Index of Consumer Prices at 4.5% YoY in September, while the German Producer Price Index fell by 14.7% in the same period. The upcoming week will be busier on the data front.
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