The EUR/USD pair trades above the 1.0600 threshold as the market mood improved somehow. Investors welcomed headlines indicating Israel delayed a grou
EUR/USD Current Price: 1.0613 Market concerns eased, although investors remain cautious ahead of first-tier events. The US 10-year Treasury note yield peaked at 5.02%, its highest since mid-2007. EUR/USD gains upward traction, facing immediate resistance at 1.0640. nd incursion into the Gaza Strip as authorities negotiate the release of hostages captured by Hamas.
On the one hand, the European Central Bank will decide on monetary policy next Thursday, while by the end of the week, the US will release the preliminary estimate of the Q3 Gross Domestic Product and the September Personal Consumption Expenditures Price Index. The macroeconomic calendar was scarce this Monday. Germany’s Bundesbank released the monthly report, while the US unveiled the Chicago Fed National Activity Index, which improved to 0.02 in September from a revised -0.
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