The EUR/USD pair posts losses during the early Asian trading hours on Monday. In the busy week in terms of economic data release, traders will take cu
EUR/USD loses traction around the mid-1.0500 in early Monday. The market expects the economic condition in Europe to further deteriorate. Federal Reserve is anticipated to hold rate steady at its meeting on Wednesday. Traders will monitor the German growth numbers for Q3, the preliminary Spanish CPI, and the German CPI. es from the German growth number and Eurozone GDP and inflation data ahead of the highly-anticipated Federal Reserve meeting on Wednesday. The major pair currently trades near 1.
About the data, the Core US Personal Consumption Expenditure Index arrived at 3.7% YoY in September versus 3.8% prior. The monthly figure climbed to 0.3% from 0.1% in the previous reading. Additionally, September's headline PCE Price Index came in at 3.4% YoY versus the expected 3.4%. Market participants will keep an eye on the German Gross Domestic Product for the third quarter .
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