EUR/USD regains the smile and targets 1.0400 – by pabspiovano EURUSD Currencies Majors
EMU Final Consumer Confidence came at -23.9 in November.The European currency regains some balance and liftsEUR/USD manages to advance after two daily pullbacks in a row in response to the renewed offered bias in the greenback. Indeed, the dollar gives away part of the ground gained at the beginning of the week, as the risk complex gathers some steam on turnaround Tuesday.
In the domestic calendar, final figures saw the Consumer Confidence gauged by the European Commission at -29.3 for the month of November and the Economic Sentiment improve a tad to 93.7 for the same month. Back to the euro area, the increasing speculation of a potential recession in the bloc emerges as an important domestic headwind facing the euro in the short-term horizon.: EMU Final Consumer Confidence, Economic Sentiment, Germany Flash Inflation Rate - Germany Unemployment Rate, Unemployment Change, EMU Flash Inflation Rate - Germany Retail Sales, ECB General Council Meeting, Germany/EMU Final Manufacturing PMI, EMU Unemployment Rate - ECB: Continuation of the ECB hiking cycle vs.
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