EUR/USD steadies near 1.1000 as firmer Eurozone inflation, GDP prods Euro bears, US ISM PMI eyed – by anilpanchal7 EURUSD Inflation GDP ECB Fed
, matched market forecasts with the 5.3% figure for July vs. a 5.5% rise seen in June. It’s worth noting that, the Core HICP inflation reprinted 5.5% YoY figure compared to 5.4% consensus. It’s worth noting, however, that the monthly HICP dropped to -0.1% for the said month compared to expected figures of 0.3% which matches the prior readings of June. Further, the Core HICP also marked -0.1% fall versus 0.4% prior.
In doing so, the DXY ignores Friday’s softer prints of US inflation clues and the weekend comments from Minneapolis Fed President Neel Kashkari’s criticism of higher interest rates. China's Commerce Ministry renews the Sino-US trade war fears by announcing measures to limit exports of some drones and drone-related equipment, starting from September 01, by citing the “national security and interests” late Monday suggests Reuters. It’s worth noting that China is a major global drone exporter and caters to various top-tier economies in that matter, including the US.
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