EUR/USD seems to be offered below 0.9900, with an eye on the US docket.
The trade remains at the 0.9900 barrier due to the EUR/USD. In October, the business climate in Germany remained unchanged. Later in the discussion, US Consumer Confidence will take center stage.
Around the European currency, there is a lack of consensus on a direction, which causes EUR/USD to trade on Tuesday with a negative bias around 0.9860.
EUR/USD emphasizes risk trends, and the dollar
With the dollar again lacking a clear trend, the EUR/USD sputters once more before the critical barrier at 0.9900 and experiences some modest negative pressure.
The German 10-year bund yields, which have been hovering around the 2.25% range so far, have dropped for the third time in a row, which coincides with the pair’s indecisive price action.
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