- EUR/USD under pressure at 1.18
- German Economic Sentiment slumped to 56.1 in October.
- US inflation data up next.
The Euro is out of favour dragging EUR/USD to 1.1800 on Tuesday.
EUR/USD looks ahead to EU Summit
EUR/USD extends losses after the recent upswing failed to push beyond 1.1830 on Friday, amid cautious trade.
The absence of a US fiscal stimulus package and stalling negotiations for such a package have dragged on risk sentiment, as has news that Johnson & Johnson paused its COVID-19 vaccine candidate trial.
The ZEW German Economic Sentiment survey slumped to 56.1for October, missing forecasts
In the US docket September’s inflation figures gauged by the CPI will be in focus.
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