{"id":93483,"date":"2023-12-04T19:36:44","date_gmt":"2023-12-04T15:36:44","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=93483"},"modified":"2023-12-05T00:51:46","modified_gmt":"2023-12-04T20:51:46","slug":"euro-retreats-to-three-week-lows","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/euro-retreats-to-three-week-lows\/12\/04\/market-updates\/","title":{"rendered":"Euro Retreats to three-week lows"},"content":{"rendered":"\n<p>The Euro lost ground against the US Dollar, causing it to retreat to three-week lows around the 1.0820 TERRITORY at the beginning of the trading week. <br><br>However, the dollar is enjoying buying interest around 103.70, flirting with the area of multi-session tops and surpassing the key 200-day SMA. The Euro starts the week well on the defensive against the dollar.<br><br>Investors anticipate the Federal Reserve and ECB to reduce their rates in Q2 2024, with the EMU Sentix Index improving to -16.8 in December. Germany&#8217;s trade surplus widened to \u20ac17.8B in October, and the Sentix Index improved to -16.8 in December. <br><br>The ECB&#8217;s Vice Chair of the Supervisory Board, Frank Elderson, is due to speak later. US Factory Orders contracted at a monthly 3.6% in October. <br><br>EUR\/USD began the week with a retracement and approaches the 200-day Simple Moving Average (SMA), potentially facing the SMA as an initial support point.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Euro lost ground against the US Dollar, causing it to retreat to three-week lows around the 1.0820 TERRITORY at the beginning of the trading week. However, the dollar is enjoying buying interest around 103.70, flirting with the area of multi-session tops and surpassing the key 200-day SMA. The Euro starts the week well on &hellip;<\/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":[6923,10756,6928,6885,10755,8367],"class_list":["post-93483","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-ecb","tag-emu-sentix-index","tag-euro","tag-fed","tag-frank-elderson","tag-us-dollar"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/93483","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=93483"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/93483\/revisions"}],"predecessor-version":[{"id":93504,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/93483\/revisions\/93504"}],"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=93483"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=93483"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=93483"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}