The EUR/USD pair trades around 1.0550 early in the American session, easing for a second consecutive day from the 1.0590 price zone. Escalating tensi
EUR/USD Current Price: 1.0555 Upbeat Chinese macroeconomic data partially offset concerns about Middle East developments. United States Treasury bond yields stand near multi-year highs while stocks ease. EUR/USD retreats after another failed attempt to reconquer the 1.0600 mark. ons in the Middle East weigh down the market sentiment and limit demand for the high-yielding Euro.
Stock markets, in the meantime, trade mainly in the red, with Wall Street’s indexes aiming to kick-start the day with modest losses. Data-wise, the Euro Zone confirmed the September Harmonized Index of Consumer Prices at 4.3% YoY in September, while Construction Output fell 1.1% MoM in August. Across the pond, the US published MBA Mortgage Applications, down 6.9% in the week ended October 13. Also, Building Permits were down 4.4% in September, while Housing Starts were up 7% in the same month.
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