The Euro is trading at 1.1550, down 0.1% during the US session. The market sentiment has dampened throughout the day, as witnessed by US stock indices trading with losses between 0.12% and 0.42%.
The US Dollar Index that follows the US Dollar performance compared to the six most traded currencies has risen 0.24%, currently at price 94.32, boosted the US dollar, applying downward pressure on the EURUSD pair.
Yesterday In the European session, the EURUSD pair moved up mostly on the back of the British pound. Over the weekend, as some Bank of England’s members expressed fears about inflation, and the prospect of hiking rates.
On Tuesday, the Eurozone economic docket will include the ZEW Survey of Economic Sentiment and current situation. On the same time, ECB’s Chief Economist Philip R. Lane and ECB’s member Frank Elderson will hit the wires. Across the pond, the JOLTS Job Openings for August, expected at 10.925M, could present a new momentum for EURUSD traders.
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