The Euro-Dollar currency pair struggles to hold the key support of 1.1100 in Tuesday’s European session after a sharp decline on Monday. EURUSD...
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Maroc - FINANCIALMIRROR.COM - A La Une - Hier 09:42
Euro declines on inflation miss, strong US jobs, safe-haven flows
The EURUSD currency pair is under pressure, trading in the 1.1060s on Wednesday, after the pair fell from 1.1135 on Tuesday, in a sell-off that amounted to a 0.60% one-day decline. Lower-than-expected Eurozone inflation was partly responsible for the sharp decline. The bloc’s Harmonised Index of Consumer Prices (HICP) grew by 1.8% YoY in September, down from 2.2% previously and below expectations of 1.9%. Core inflation, meanwhile, came out at 2.7% YoY – a tenth below August’s 2.8% and also below expectations. The data indicates headline inflation has fallen back down below the European Central Bank’s 2.0% target, and that
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