EURUSD Overview, September 03

The EUR stays under heavy downside pressure and is persuading EURUSD to fall further and record new yearly lows at 1.0930.

The EURUSD pair is extending the leg lower for the 7th successive session so far on Tuesday, despite the fact that managing to recover some composure.

The solid momentum in the USD remains the key driver, while declining yields in Germany, poor outcomes from data releases in the Old Continent and Brexit uncertainty have been adding to the offered bias in the EUR.

Later today Producer Prices in the euro zone will be the only release. During the early North-American session, the key ISM Manufacturing is expected alongside with the speech by Fed’s E.Rosengren.

Rose Alice

About: Rose Alice

Rose Alice has a long experience as a currency analyst with a deep knowledge of the relationship between macroeconomics and currencies fluctuation.