Financial markets stabilized on Wednesday, with the US Dollar giving up fear-inspired gains on the back of dovish comments from US Federal Reserve (F
EUR/USD Current Price: 1.0602 United States Federal Reserve officials' comments keep leading the sentiment. German annual Harmonized Index of Consumer Prices confirmed at 4.3% in September. EUR/USD retains a mildly bullish stance in the near term, needs to run past 1.0650. ed) officials. The EUR/USD pair consolidates around the 1.0600 figure, not far below a fresh weekly high of 1.0628.
A scarce macroeconomic calendar and a holiday in the US and Canada on Monday maintain major pairs within limited intraday ranges, although some interesting figures started coming out during European hours. Germany published the final estimate of the September Harmonized Index of Consumer Prices , which was confirmed at 4.3% YoY. The US unveiled the September Producer Price Index , showing wholesale price pressures were up by 0.5% MoM and 2.2% YoY, higher than expected.
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