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EUR/USD Price Forecast: Downside pressure might intensify below 1.1300
The Euro (EUR) is down 0.16% at around 1.1310 against the US Dollar (USD) during the European trading session on Thursday. The major currency pair is under pressure as the US Dollar outperforms due to surging United States (US) Treasury Yields.
Forex Today: US Dollar shows resilience ahead of next batch of data
Here is what you need to know on Thursday, October 1:
Japanese Yen dips further as higher US yields offset hawkish BoJ opinions
The Japanese Yen (JPY) heads lower against the US Dollar (USD) on Thursday as higher US Treasury yields have offset the positive impact of a hawkishly tilted Summary of Opinions by the Bank of Japan (BoJ) and soft US inflation numbers.
Australia RBA Commodity Index SDR (YoY) came in at 15.5%, above expectations (0%) in September
Australia RBA Commodity Index SDR (YoY) came in at 15.5%, above expectations (0%) in September
Sweden Manufacturing PMI climbed from previous 56.1 to 58.1 in September
Sweden Manufacturing PMI climbed from previous 56.1 to 58.1 in September
Switzerland Real Retail Sales (YoY) registered at 3.2% above expectations (2.2%) in August
Switzerland Real Retail Sales (YoY) registered at 3.2% above expectations (2.2%) in August
Switzerland Consumer Price Index (MoM) meets expectations (0%) in September
Switzerland Consumer Price Index (MoM) meets expectations (0%) in September
Switzerland Consumer Price Index (YoY) meets forecasts (1%) in September
Switzerland Consumer Price Index (YoY) meets forecasts (1%) in September
Russia S&P Global Manufacturing PMI above expectations (0) in September: Actual (49.8)
Russia S&P Global Manufacturing PMI above expectations (0) in September: Actual (49.8)
United Kingdom Nationwide Housing Prices s.a (MoM): -0.2% (September) vs previous 0.2%
United Kingdom Nationwide Housing Prices s.a (MoM): -0.2% (September) vs previous 0.2%
United Kingdom Nationwide Housing Prices n.s.a (YoY) fell from previous 1.6% to 0.8% in September
United Kingdom Nationwide Housing Prices n.s.a (YoY) fell from previous 1.6% to 0.8% in September
GBP/USD Price Forecast: Declines to near 1.3250 as bearish bias persists below 100-day moving average
The GBP/USD pair trades in negative territory around 1.3250 during the early European trading hours on Thursday. The British Pound (GBP) edges lower against the US Dollar (USD) amid widening monetary policy divergence between the Bank of England (BoE) and the US Federal Reserve (Fed).
AUD/USD Price Forecast: On verge of 78.6% Fibo breakdown near 0.6950
The Australian Dollar (AUD) is up against its major currency pairs on Thursday, but is almost flat against the US Dollar (USD) at around 0.6948 in the early European trade.