EUR/USD Current Price: 1.0620 Market participants kick-started the week with caution ahead of critical inflation figures. The German IFO Survey indicated a better-than-anticipated Business Climate in September. EUR/USD nears September low, with bears looking to take it below 1.0600. The US Dollar started the week with a firm footing, resulting in EUR/USD trading as low
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“It feels like rates will have to stay higher for longer than markets had expected,” Chicago Federal Reserve Bank President Austan Goolsbee told CNBC on Monday. Key takeaways “Risk of inflation staying higher is still the bigger risk.” “Current path is Unusual for inflation to fall like it is without unemployment rising.” “Fed should have 100% commitment to
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet
The US Dollar trades mixed on Monday as US government shutdown risk escalates. In the background traders will be on edge for US GDP numbers later this week. The US Dollar Index resides near the six-month highs. The US Dollar (USD) made clear why it deserved its status as king after a quite volatile week.
AUD/USD trades back and forth near 0.6420, following the footprints of the sideways US Dollar. The Australian Dollar will dance to the tune of the monthly CPI data, which is seen hotter at 5.2% vs. July’s reading of 4.9%. The 20-day EMA is overlapping the Aussie asset, indicating a broader sideways trend. The AUD/USD pair
Analysts at Danske Bank maintain their strategic case for a lower EUR/USD pair based on relative terms of trade, real rates and relative unit labour costs. However, they warn that in the near-term, they see some potential for topside risk on the back of peak policy rates, an improving manufacturing sector backdrop relative to the