The Euro comes under pressure following weekly tops vs. the US Dollar. Stocks in Europe trade mostly on the defensive on Tuesday. EUR/USD runs out of steam near 1.0580.
The USD Index (DXY) maintains the constructive tone near 106.40. Germany, Eurozone Economic Sentiment surprised to the upside. US Retail Sales came in above expectations in September.
The Euro (EUR) could not sustain the earlier bull run to the area of weekly highs around 1.0580 against the US Dollar (USD), prompting EUR/USD to rapidly give away those gains and refocus its attention to the downside once again on Tuesday.
In the meantime, the Greenback keeps the bullish performance in place around the 106.30–106.40 band when tracked by the USD Index (DXY), setting aside Monday’s negative performance as selling pressure in the US fixed-income market persists.
The USD Index (DXY) maintains the constructive tone near 106.40. Germany, Eurozone Economic Sentiment surprised to the upside. US Retail Sales came in above expectations in September.
The Euro (EUR) could not sustain the earlier bull run to the area of weekly highs around 1.0580 against the US Dollar (USD), prompting EUR/USD to rapidly give away those gains and refocus its attention to the downside once again on Tuesday.
In the meantime, the Greenback keeps the bullish performance in place around the 106.30–106.40 band when tracked by the USD Index (DXY), setting aside Monday’s negative performance as selling pressure in the US fixed-income market persists.
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