EUR/USD: Bears regain control around 1.0440 ahead of EMU CPI, US ISM By pabspiovano EURUSD Currencies Majors
when it comes to its plans regarding the fragmentation issue also collaborates with the sour sentiment around the European currency.
Across the Atlantic, the final June Manufacturing PMI is due along the more relevant ISM Manufacturing.EUR/USD faces the re-emergence of the risk-off mood and the subsequent drop to the area well below 1.0500 so far this week. However, EUR/USD is still far away from exiting the woods and it is expected to remain at the mercy of dollar dynamics, geopolitical concerns and the Fed-ECB divergence, while higher German yields, persistent elevated inflation in the euro area and a decent pace of the economic recovery in the region are also supportive of an improvement in the mood around the euro.: EMU, Germany Final Manufacturing PMI, EMU Flash Inflation Rate .: Fragmentation risks.
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