The Euro (EUR) regains some upside traction vs. the US Dollar (USD) and encourages EUR/USD to reclaim the area above the key 1.0800 the figure at the
Stocks in Europe kick off the week on a positive note.The bullish view in USD Index looks limited near 104.50.US markets will be closed on Monday due to Labor Day holiday.The ECB’s Christine Lagarde speaks later in the session.to reclaim the area above the key 1.0800 the figure at the beginning of the week.
EUR/USD picks up some pace and manages to retest the 1.0800 region, just ahead of the key 200-day SMA . Furthermore, sustained losses are likely in EUR/USD once the 200-day SMA is breached in a convincing fashion.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
The ECB Governing Council makes monetary policy decisions at meetings held eight times a year. Decisions are made by heads of the Eurozone national banks and six permanent members, including the President of the ECB, Christine Lagarde.Eurozone inflation data, measured by the Harmonized Index of Consumer Prices , is an important econometric for the Euro.
Economic data for the four largest economies in the euro area are especially significant, as they account for 75% of the Eurozone’s economy.Another significant data release for the Euro is the Trade Balance. This indicator measures the difference between what a country earns from its exports and what it spends on imports over a given period.
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