EUR\/USD has kept sliding for the second successive day. The pair has been exchanging hands at 1.1728 down 0.30%.
After a stellar U. S. Retail Sales report on Thursday, the EUR\/USD pair is trading at three-week lows, driven by USD\u2019s strength as (DXY) Index is at three-week highs
The market mood is currently in risk-off mode, with U. S. stock indices sliding between 0.26% and 1.19% and significant bond yields highs.
The U. S. 10-year benchmark rate is estimated at 1.368%, up almost four basis points on Friday, reinforcing the greenback and the US Dollar Index is up 0.33%, at 93.17.
The University of Michigan Consumer Sentiment increased slightly to 71 in September versus 70.3 in the previous month, although it was worse than the expected72.2.
The report\u2019s data said that the declines are attributed to higher prices, as consumers expect the inflation rate to rise 4.7%, matching the highest since 2008.
The Federal Open Market Committee\u2019s meeting is awaited by investors as it is expected to discuss monetary policy-related issues, including the QE reduction as the meeting\u2019s spotlight.
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EUR\/USD has kept sliding for the second successive day. The pair has been exchanging hands at 1.1728 down 0.30%.After a stellar U. S. Retail Sales report on Thursday, the EUR\/USD pair is trading at three-week lows, driven by USD\u2019s strength as (DXY) Index is at three-week highsThe market mood is currently in risk-off mode, with …<\/p>\n","protected":false},"author":13,"featured_media":44251,"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":[6884,7002,7463,7457],"class_list":["post-51005","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","tag-eur-usd","tag-retail-sales","tag-stock-indices","tag-university-of-michigan"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/51005","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=51005"}],"version-history":[{"count":3,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/51005\/revisions"}],"predecessor-version":[{"id":51010,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/51005\/revisions\/51010"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/44251"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=51005"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=51005"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=51005"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}