{"id":51986,"date":"2021-10-05T20:29:45","date_gmt":"2021-10-05T16:29:45","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=51986"},"modified":"2021-10-06T11:15:35","modified_gmt":"2021-10-06T07:15:35","slug":"eur-usd-retreats-back-to-the-1-1600-ahead-of-lagardes-speech","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/eur-usd-retreats-back-to-the-1-1600-ahead-of-lagardes-speech\/10\/05\/market-updates\/","title":{"rendered":"EUR\/USD retreats back to the 1.1600 ahead of Lagarde\u2019s speech"},"content":{"rendered":"\n<p>The EUR\/USD pair has reversed part of recent gains and returned to 1.1600. Sellers returned to the market and forced EUR\/USD to abandon the area of recent highs and refocus once again on the 1.1600 hereabouts.<br>After two successive daily pullbacks, the EUR\/USD pair now trades on the defensive and hovers around the 1.1600 area, fading away at the same time Monday\u2019s uptick to tops in the 1.1640 region.<br>The softer stance in the European currency follows three consecutive daily pullbacks, including the rejection from new 2021 highs around 94.50.<br>Meanwhile, the final German Manufacturing PMI came at 56.2 (from 60.8) and the EMU\u2019s gauge receded to 56.4. <br>In the euro area, Producer Prices rose by 1.1% MoM in August and 13.4% over the last twelve months. Later in the session, Chairwoman Lagarde will speak in Frankfurt.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The EUR\/USD pair has reversed part of recent gains and returned to 1.1600. Sellers returned to the market and forced EUR\/USD to abandon the area of recent highs and refocus once again on the 1.1600 hereabouts.After two successive daily pullbacks, the EUR\/USD pair now trades on the defensive and hovers around the 1.1600 area, fading &hellip;<\/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":[37,36],"tags":[6923,6928,6837,7199],"class_list":["post-51986","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-ecb","tag-euro","tag-eurozone","tag-lagarde"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/51986","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=51986"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/51986\/revisions"}],"predecessor-version":[{"id":51991,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/51986\/revisions\/51991"}],"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=51986"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=51986"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=51986"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}