The EUR/USD pair met some demand during European trading hours on Thursday, helped by receding US Dollar strength.
EUR/USD Current price: 1.0796 European growth-related data posted modest improvements, not enough to spooke recession fears. S&P Global will publish the US flash October PMIs after Wall Street’s opening. EUR/USD corrective advance seems complete, additional losses once below 1.0750. The market’s mood remained sour throughout the Asian session, as investors maintained the focus on China’s battered economy and the uncertainty surrounding the US presidential race.
Meanwhile, a slew of European Central Bank officials hit the wires amid their participation in the International Monetary Fund meetings Across the pond, the United States published Initial Jobless Claims for the week ended October 18, which rose by 227K, better than the 242K expected. Also, the Chicago Fed National Activity Index printed at -0.28 in September, worse than the previous -0,01.
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