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EURUSD resumes downtrend
Yesterday’s Federal Open Market Committee statement produced a bid for the USD because markets had been too dovish in the lead up. A further opportunity to build on the rally will come today with the advance third-quarter gross domestic product report, which is expected to show the US economy grew at an annual rate of 3%. But for EURUSD traders, more interest will be shown in Germany’s inflation number, expected to come in at an annual rate of 0.9% compared with last month's 0.8% figure. A lower number will be negative for EURUSD. Tomorrow we will see the number for the Eurozone and that will be keenly watched by ... (full story)
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