EUR/USD advanced solidly late in the New York session, as the Euro (EUR) found acceptance at around 1.0550s, with the pair at the brisk of cracking la
EUR/USD trades around 1.0550s, marking a 0.44% increase. Germany's Wholesale Prices remain unchanged MoM; annual figures show a decline. ECB President Christine Lagarde emphasizes close monitoring of energy prices and Middle East developments. st Friday’s daily high of 1.0558, which could open the door to challenge the 1.0600 figure. As of writing, the major exchanges hands at around 1.0550s, up 0.44%. EUR/USD on the verge of testing 1.
Harker noted that the current interest rate levels discouraged potential homebuyers, suggesting that the Fed might have completed its rate-hiking cycle. Regarding economic data, October's New York Empire State Manufacturing Index declined compared to September's figures. However, it exceeded expectations. The decrease was attributed to a dip in new orders, and fewer companies reported higher prices received. This latter point is a sign of potential deflationary pressures in the economy.
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