EUR/USD stays pressured near 1.0550
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Currently, most of the key economic indicators in the United States have exceeded expectations in October, highlighting the ongoing strength of the US economy and supporting demand for the EU. The dollar has been trading more firmly, although there is a risk that it may start to weaken "due to potentially less positive economic surprises from the US in the near future."
I maintain my strategic view on a lower EUR/USD exchange rate, as I still see the possibility of a weaker USD." The US retail sales data at 12:30 GMT may be the most important data released this week. The DXY dollar index rose 0.2% to 106.444, while EUR/USD decreased 0.2% to 1.0549 at the time of writing.
I maintain my strategic view on a lower EUR/USD exchange rate, as I still see the possibility of a weaker USD." The US retail sales data at 12:30 GMT may be the most important data released this week. The DXY dollar index rose 0.2% to 106.444, while EUR/USD decreased 0.2% to 1.0549 at the time of writing.
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