Euro is mixed today as Forex traders await data. Many are interested in what the revised CPI data will show for October, and there are concerns about what’s next for the eurozone economy moving forward.
Recently disappointing results in eurozone CPI resulted in an ECB rate cut earlier this month. Additionally, concerns about GDP and economic slowdown in Germany and France have been weighing on the euro.
However, the euro is overcoming some of these issues as risk appetite makes an appearance. Euro is getting help against the US dollar and the Japanese yen as traders look for higher-yielding assets. Euro has been unable to make up ground against the pound, though, since things are getting hawkish at the Bank of England.
For now, the euro is mostly mixed as traders look for direction. There is a lot to process right now with EU-US talks coming up, and with concerns about whether or not there is the possibility of a triple-dip recession for the eurozone.
At 16:19 GMT EUR/USD is a little bit higher, up to 1.3483 from the open at 1.3459. This comes after reaching the 1.3500 level a little earlier. EUR/GBP is a little lower, dropping to 0.8371 from the open at 0.8379. EUR/JPY is up to 135.1610 from the open at 134.5980.
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