The EUR/USD pair keeps the range around 1.0550 on Thursday as investors try to assess risk-related headlines. On the one hand, geopolitical tensions
EUR/USD Current Price: 1.0573 Federal Reserve Chair Jerome Powell will discuss the economic outlook at the Economic Club of New York. Treasury bond yields reached fresh multi-year highs but failed to underpin the US Dollar. EUR/USD gains upward traction in the near term faces resistance ahead of 1.0600. in the Middle East keep escalating and boosting demand for safety. Government bond yields surged, with the United States 10-year Treasury bond offering as much as 4.
The Euro Zone macroeconomic calendar offered little of relevance. The EU published the August Current Account, which posted a seasonally adjusted surplus of €27.7 billion, improving from the previous €21 billion. The US reported that Initial Jobless Claims in the week ended October 13 printed at 198K, easing from 211K. Also, the Philadelphia Fed Survey came at -9 in October, missing expectations but improving from the previous -13.5.
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