EUR/USD rises sharply during the North American session, reaching a new four-day high of 1.
EUR/USD reaches new four-day high of 1.0625, bouncing from lows of 1.0547. German inflation eases from 4.3% to 3%, below forecasts, while GDP contracts less than expected. Upcoming economic releases from Eurozone and US to provide further direction for the pair. 0625 as the Greenback remains defensive amid an improvement in risk appetite. The pair bounced off from daily lows of 1.0547, hit in the European session.
1 in September. Although the data was negative, the EUR/USD barely flicked, with traders bracing for Tuesday’s data. The Eurozone calendar will feature France and Italy’s GDP, Germany's Retail Sales, and the EU inflation data. On the US front, the docket would feature the Employment Cost Index, the Chicago PMI and the Conference Board Consumer Confidence.
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