The Euro Retains Profits Against The USD.

Euro

The Euro has held onto profits against the USD since last Friday after yesterday’s favorable data and ahead of today’s mid-term elections.

Swiss jobs data and German industrial production figures helped to underpin EUR/USD into the New York close, and the uplift has been maintained through the Asian session so far.

US mid-term elections are scheduled for today, and the market is poised for headlines that may stem from early results.

The US Dollar stays under the pump despite Treasury yields adding a few basis points in the North American trade, followed by a couple more in Asia today. The benchmark 10-year note is again yielding over 4.20%.

The US mid-terms will be watched, but the market will eagerly await Thursday’s US CPI data.

This Post Has 8 Comments

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