EUR/USD wobbles below 1.0600 on USD strength as traders eye Fed minutes EURUSD Majors Currencies SEO
, its economic calendar witnessed the release of mixed S&P Global Manufacturing PMIs for December, which traders mainly ignored. On Tuesday, inflation in Germany for December, as measured by the Consumer Price Index , decelerated to 8.6% YoY vs. November’s 10% figure and beneath 9% estimates. Concerning the monthly reading, CPI dropped 0.8%.
Ahead of the week, the US economic calendar will feature the ISM Manufacturing PMI for December alongside the US Federal Reserve last meeting minutes. On the EU side, the docket will feature S&P Global Services and Composite PMIs for December.From a daily chart perspective, the EUR/USD pair shifted to a neutral biased after dropping below the 20-day Exponential Moving Average at 1.0582. However, the intersection of two trendlines, nearby Tuesday’s daily low of 1.
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