EUR/USD dipped one-third of one percent on Tuesday as investors knuckle down for the wait to a double-header of Purchasing Managers Index (PMI) figures due from both the EU and the US on Wednesday.
EUR/USD grinds down back to 1.0850 as investors huddle ahead of key data prints. EU and US PMI figures are due on Wednesday. US GDP update and PCE inflation figures due on Thursday and Friday, respectively. EUR/USD dipped one-third of one percent on Tuesday as investors knuckle down for the wait to a double-header of Purchasing Managers Index figures due from both the EU and the US on Wednesday.
0804, but this week’s downturn leaves the pair exposed to further downside as bids dip back into the wrong side of a rough descending channel. EUR/USD hourly chart EUR/USD daily chart Euro FAQs What is the Euro? The Euro is the currency for the 20 European Union countries that belong to the Eurozone. It is the second most heavily traded currency in the world behind the US Dollar. In 2022, it accounted for 31% of all foreign exchange transactions, with an average daily turnover of over $2.
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