{"id":143732,"date":"2023-09-01T17:20:46","date_gmt":"2023-09-01T11:50:46","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=143732"},"modified":"2023-09-01T17:20:46","modified_gmt":"2023-09-01T11:50:46","slug":"euro-bulls-approach-1-0850-as-us-dollar-traces-softer-yields-focus-on-german-us-statistics-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/euro-bulls-approach-1-0850-as-us-dollar-traces-softer-yields-focus-on-german-us-statistics-crypto-news\/","title":{"rendered":"Euro bulls approach 1.0850 as US Dollar traces softer yields, focus on German\/US statistics &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<p>\n                        <span class=\"fxs_socialmedia_bar_share_label\">Share:<\/span><\/p>\n<ul>\n<li><strong>EUR\/USD edges higher after snapping two-day downtrend at 11-week low.<\/strong><\/li>\n<li><strong>Euro ignores German exporters\u2019 pessimism amid hawkish comments from French FinMin.<\/strong><\/li>\n<li><strong>US Dollar fails to extend Jackson Hole inspired gains as traders await top-tier inflation, employment data.<\/strong><\/li>\n<li><strong>Consumer sentiment figures from Germany, US will entertain intraday traders.<\/strong><\/li>\n<\/ul>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/currencies\/eurusd?\">EUR\/USD<\/a> holds onto the week-start recovery gains around 1.0820 during the early hours of Tuesday\u2019s Asian session. In doing so, the Euro pair cheers the US Dollar\u2019s pullback while tracing the downbeat Treasury bond yields. It\u2019s worth noting, however, that the mixed concerns about Germany and cautious mood ahead of this week\u2019s top-tier inflation and employment data from the US and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/economic-calendar\/country\/c9822cb1-6cee-45f4-a9a2-89d136990308\">Eurozone<\/a> checks the pair buyers.<\/p>\n<p>US Dollar Index (DXY) dropped on Monday after posting the six-week uptrend even as the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/economic-calendar\/united-states\">United States<\/a> mid-tier activity data improves. That said, the US 10-year Treasury bond yields dropped three basis points (bps) to 4.20% and the two-year counterpart declined half a percent to 5.5% at the latest.<\/p>\n<p>On Monday, Germany\u2019s highly influential IFO institute published a survey of exporters and cited the deteriorating morale\u00a0in August due to weak global demand. The poll also mentioned, \u201cMore and more companies are also complaining about being less able to compete at the global level.\u201d<\/p>\n<p>On the contrary, French Finance Minister Bruno Le Maire ruled out any reduction in interest rates in the coming months. The policymaker also said, \u201cWe also need to address inflation pressure in the services sector.\u201d<\/p>\n<p>It should be noted that the US Dallas <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/macroeconomics\/central-banks\/fed\">Fed<\/a> Manufacturing Business Index improved to -17.2 for August versus -21.6 expected and -20.0 prior. It\u2019s worth noting that the details of the activity gauge were mixed as the new orders and prices paid for raw materials increased but the finished goods prices eased.<\/p>\n<p>Above all, the improvement in the market\u2019s sentiment, mainly backed by China, joined the Fed officials\u2019 inability to please markets with major hawkish surprise seem to weigh on the US Treasury bond yields and the Greenback. However, looming economic concerns about the Old Continent keep the EUR\/USD bears hopeful as the top-tier inflation numbers from the bloc and the US for August loom, together with the US employment report.<\/p>\n<p>Moving on, Germany\u2019s GfK Consumer Confidence Survey for September will become the immediate catalyst for the EUR\/USD pair and may please the buyers in a case of matching the -24.3 expectations, versus -24.4 prior. Following that, the US Conference Board\u2019s (CB) Consumer Confidence Index for August, expected at 116.2 versus prior 117.00, will entertain the intraday traders.<\/p>\n<h2 class=\"fxs_headline_medium\">Technical analysis<\/h2>\n<p>A convergence of the 13-day-old falling resistance line and the 10-day SMA, around 1.0850 by the press time, restricts the immediate upside of the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/currencies\/eurusd\">EUR\/USD<\/a> pair even as the nearly oversold RSI conditions lure the buyers.<\/p>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: EUR\/USD edges higher after snapping two-day downtrend at 11-week low. Euro ignores German exporters\u2019 pessimism amid hawkish comments from French FinMin. US Dollar fails to extend Jackson Hole inspired gains as traders await top-tier inflation, employment data. Consumer sentiment figures from Germany, US will entertain intraday traders. EUR\/USD holds onto the week-start recovery gains [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":9014,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,386,251,246,257,497,433,255,388,250,252,247,253,249,256,254,1170],"class_list":["post-143732","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-centralbanks","tag-chainlink","tag-coin","tag-cryptocurrency","tag-employment","tag-eurusd","tag-gta","tag-inflation","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress","tag-yieldcurve"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/143732","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=143732"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/143732\/revisions"}],"predecessor-version":[{"id":143733,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/143732\/revisions\/143733"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/9014"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=143732"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=143732"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=143732"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}