Market Overview

Midday EURUSD roundup

The dollar index fluctuates close to 95.10, adding 0.5% to this time at Friday. EURUSD is trading near 1.1600, virtually unchanged today after decline by 0.6% on Friday. Trading volumes and volatility are contained due to Labor Day holyday in the U.S. and Canada.

Bullish: Technical rebound after strong negative impulse on the previous session. Short-term support on dips to 1.1600.

Bearish: Downward revision for Manufacturing PMIs for German, France, slowing of Italy. Safe haven demand on tapered volumes and renewed decline for TRY.

Next focus on: RBA Interest Rate Decision at 04:30 GMT on Tuesday.

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