{"id":354379,"date":"2024-09-23T21:42:37","date_gmt":"2024-09-23T16:12:37","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=354379"},"modified":"2024-09-23T21:42:37","modified_gmt":"2024-09-23T16:12:37","slug":"eur-usd-may-fall-to-1-10-in-the-coming-weeks-rabobank-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/eur-usd-may-fall-to-1-10-in-the-coming-weeks-rabobank-crypto-news\/","title":{"rendered":"EUR\/USD may fall to 1.10 in the coming weeks \u2013 Rabobank &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<p>Further softness German data series could further undermine the outlook for the EUR. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/currencies\/eurusd\" data-fxs-autoanchor=\"\">EUR\/USD<\/a> may suffer from dips to 1.10 in the weeks ahead, Rabobank\u2019s FX strategist Jane Foley notes.<\/p>\n<h2 class=\"fxs_headline_medium\">Further soft data may undermine the outlook for EUR<\/h2>\n<p>\u201cThis morning\u2019s flash estimate of German September PMI saw business activity falling at the quickest pace in seven months. According to the survey provider, there was \u2018a sharp an accelerated reduction in manufacturing production compounded by a near-stalling of growth in the service sector\u2019.\u201d<\/p>\n<p>\u201cIt was also reported that \u2018the decline in employment also gathered pace as business expectations turned pessimistic for the first time in a year.\u2019 The latter warning may suggest that wage inflation is set to ease. This may hint at a softening in sticky services sector inflation. Further evidence of cooling in services sector inflation is broadly considered to be necessary to trigger further <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/macroeconomics\/central-banks\/ecb\" data-fxs-autoanchor=\"\">ECB<\/a> rate cuts.\u201d<\/p>\n<p>\u201cThis morning\u2019s data underpin the importance of this week\u2019s German Sep IFO release. Further softness in this series could further undermine the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/rates-charts\/forecast\" data-fxs-autoanchor=\"\">outlook<\/a> for the EUR. We continue to see scope for dips to EUR\/USD1.10 in the weeks ahead.\u201d<\/p>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Further softness German data series could further undermine the outlook for the EUR. EUR\/USD may suffer from dips to 1.10 in the weeks ahead, Rabobank\u2019s FX strategist Jane Foley notes. Further soft data may undermine the outlook for EUR \u201cThis morning\u2019s flash estimate of German September PMI saw business activity falling at the quickest pace [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":6890,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[299,201,248,251,246,257,433,728,255,250,252,1063,247,253,249,308,256,254],"class_list":["post-354379","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-banks","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-eurusd","tag-germany","tag-gta","tag-looks-rare","tag-oracle","tag-pmi","tag-polygon","tag-quickswap","tag-safe-moon","tag-technical-analysis","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/354379","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=354379"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/354379\/revisions"}],"predecessor-version":[{"id":354380,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/354379\/revisions\/354380"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/6890"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=354379"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=354379"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=354379"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}