An improvement in the market\u2019s sentiment despite the looming Covid woes from China and mixed concerns surrounding the US-China relations help the pair to register the first daily gain in four on Tuesday.
EUR\/USD buyers are relaxing ahead of Wednesday that is literally eventful. The EUR\/USD pair has steadied around 1.0300 during Wednesday\u2019s Asian session after snapping three-day downtrend the previous day.
Firmer risk appetite has allowed the pair buyers to resist against the sellers the previous day. However, the data\/events awaited today would require a more cautious mood. The ECB\u2019s Robert Holzmann supported calls for a third straight 75 basis points rate increase for the December monetary policy meeting.
On the US front, Fed\u2019s Esther George said, \u201cWe could well take a higher interest rate for some time to convince households to hold on to savings.\u201d Richmond Fed Manufacturing Index improved to -9 for November versus -10 prior whereas Eurozone Consumer Confidence also rose to -23.9 for the said month compared to -26 expected and -27.5 prior.<\/p>\n","protected":false},"excerpt":{"rendered":"
An improvement in the market\u2019s sentiment despite the looming Covid woes from China and mixed concerns surrounding the US-China relations help the pair to register the first daily gain in four on Tuesday. EUR\/USD buyers are relaxing ahead of Wednesday that is literally eventful. The EUR\/USD pair has steadied around 1.0300 during Wednesday\u2019s Asian session …<\/p>\n","protected":false},"author":13,"featured_media":58857,"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":[6884,10089],"class_list":["post-76108","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-eur-usd","tag-us-china-relations"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/76108","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=76108"}],"version-history":[{"count":4,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/76108\/revisions"}],"predecessor-version":[{"id":76117,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/76108\/revisions\/76117"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/58857"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=76108"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=76108"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=76108"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}