The European currency regains the smile and pushes EUR/USD back to the 1.0480/85 band on Wednesday.
EUR/USD manages to regain some upside traction following two consecutive daily retracements amidst alternating risk appetite trends and so far inconclusive price action around the US Dollar.
In the German money markets, the 10-year bund yields extend the side-lined theme around the 1.80% region, while their American peers show the same range-bound performance.
In addition, the single currency is deriving extra support from auspicious results from the Euro’s calendar, where the GDP Growth Rate in the broader Euroland is now seen expanding 0.3% QoQ and 2.3% YoY in Q3.
Data-wise in the US, weekly Mortgage Applications are due along with Consumer Credit Change results.