EURUSD Overview, September 30

The EURUSD pair recuperated above the key daily support last Friday and price is currently lifting around 0.0940 level (daily highs) ahead of the German retail sales and CPI information.

During the weekend Italy’s economy minister proposed the country’s budget deficit would be set at around 2.2% of domestic output next year. That idea puts the country inconsistent with the European Union again and might turn into another driver for the lower Euro. Still, Italian yields are flat currently, so focus shifts to the prelim German CPI print.

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.

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