Euro fell back under USD 1.18 in mid-September, hovering around its weakest level since 27 August due to growing risk aversion as rising COVID-19 infections could force some countries to resume certain restrictions.<\/p>\n\n\n\n
The European Central Bank decided last week to move to a moderately lower pace in its \u20ac1.85 trillion PEPP from the \u20ac80 billion a month level it has run at since March, amid a stronger near-term outlook for prices and growth. <\/p>\n\n\n\n
Still, the central bank did not announce any details about the exact end of emergency support, leaving that controversial decision for December’s meeting. <\/p>\n\n\n\n
On the other hand, a smaller-than-expected rise in US inflation coupled with hawkish comments by Fed officials led to uncertainty on when the Fed would begin tapering its asset purchases.
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Euro fell back under USD 1.18 in mid-September, hovering around its weakest level since 27 August due to growing risk aversion as rising COVID-19 infections could force some countries to resume certain restrictions. The European Central Bank decided last week to move to a moderately lower pace in its \u20ac1.85 trillion PEPP from the \u20ac80 …<\/p>\n","protected":false},"author":13,"featured_media":48601,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37],"tags":[7448,6928,6968,6885],"class_list":["post-50936","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","tag-emergency-support","tag-euro","tag-eurusd","tag-fed"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/50936","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=50936"}],"version-history":[{"count":3,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/50936\/revisions"}],"predecessor-version":[{"id":50942,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/50936\/revisions\/50942"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/48601"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=50936"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=50936"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=50936"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}