Financial markets stabilized on Wednesday, with the US Dollar giving up fear-inspired gains on the back of dovish comments from US Federal Reserve (F
EUR/USD Current Price: 1.0602 United States Federal Reserve officials' comments keep leading the sentiment. German annual Harmonized Index of Consumer Prices confirmed at 4.3% in September. EUR/USD retains a mildly bullish stance in the near term, needs to run past 1.0650. ed) officials. The EUR/USD pair consolidates around the 1.0600 figure, not far below a fresh weekly high of 1.0628.
A scarce macroeconomic calendar and a holiday in the US and Canada on Monday maintain major pairs within limited intraday ranges, although some interesting figures started coming out during European hours. Germany published the final estimate of the September Harmonized Index of Consumer Prices , which was confirmed at 4.3% YoY. The US unveiled the September Producer Price Index , showing wholesale price pressures were up by 0.5% MoM and 2.2% YoY, higher than expected.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
EUR/USD Forecast: Bullish bias while above 1.0530The EUR/USD rose during the American session but held below Friday's close. The weakness of the US Dollar was not sufficient to push the pair above 1.
Read more »
EUR/USD Forecast: Euro looks to extend rebound as risk flows returnFollowing the bearish start to the week, EUR/USD staged a rebound and closed virtually unchanged on Monday. With risk flows returning to markets early
Read more »
EUR/USD Forecast: Finding near-term support in a better moodThe EUR/USD pair recovered ground on Tuesday, peaking mid-European session at 1.0610, as the mood improved following comments from Federal Reserve (F
Read more »
EUR/USD Forecast: Euro eyes critical resistance near 1.0635The EUR/USD climbed to 1.0620, reaching its highest level in two weeks, and then pulled back to the 1.0600 area. The pair continues to be supported by
Read more »
EUR/USD Forecast: Euro could encounter stiff resistance at 1.0670EUR/USD continued to push higher and following Tuesday's advance and touched its highest level in over two weeks at 1.0630 on Wednesday. Although mark
Read more »
Gold Price Forecast: XAU/USD buyers keep $1,880 in sight ahead of US PPI, Fed MinutesGold price is extending its phase of bullish consolidation near the one-week high of $1,865 in Asian trading on Wednesday. Gold price is gathering pac
Read more »