Categories: 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.

The FxPro Analyst Team

Our team consists of financial market experts. Our dedicated professionals prepare reviews on the foreign exchange market situation, Crude Oil, Gold and Stock Indices. All the analysts are regularly published in the world leading economic media.

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