{"id":105976,"date":"2020-10-20T09:01:01","date_gmt":"2020-10-20T08:01:01","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=105976"},"modified":"2020-10-20T11:15:53","modified_gmt":"2020-10-20T10:15:53","slug":"104587-eur-usd-euro-steady-as-investors-digest-covid-cases-fading-us-stimulus-hopes","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/104587-eur-usd-euro-steady-as-investors-digest-covid-cases-fading-us-stimulus-hopes\/","title":{"rendered":"EUR\/USD: Euro Steady As Investors Digest Covid Cases &#038; Fading US Stimulus Hopes"},"content":{"rendered":"<ul>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/eur-euro-live-exchange-rate\/\">Euro<\/a> (EUR) is showing resilience despite surging covid numbers<\/strong><\/li>\n<li><strong>German producer price index +0.4% vs -0.1% forecast<\/strong><\/li>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/usd-us-dollar-live-exchange-rate\/\">US Dollar<\/a> (USD) trades mildly higher as hopes of US stimulus fade<\/strong><\/li>\n<li><strong>US Presidential debate in focus as the race picks ups<\/strong><\/li>\n<\/ul>\n<p>The Euro US Dollar (<a href=\"https:\/\/currencylive.com\/exchange-rate\/\">EUR\/USD<\/a>) exchange rate is trading flat on Tuesday after posting solid gains in the previous session. The pair settled +0.4% higher on Monday at US$1.1766. At 07:15 UTC, EUR\/USD trades just 2 pips lower at US$1.1764.<\/p>\n<p>The Euro is remaining resilient despite surging covid cases across the old continent. So far governments are preferring localised approaches targeting local hotspots. However, this has failed to stem the spread of the virus meaning that national lockdowns could be the only answer.<\/p>\n<p>The Eurozone economic calendar is quiet. German producer prices, which measure inflation at wholesale level, increased +0.4% month on month in September, ahead of the -0.1% increase forecast. Stronger producer prices often indicate a pick-up in consumer price inflation down the line. Given the current anaemic state of inflation in Germany currently, this is some welcomed good news.<\/p>\n<p>The US Dollar is pushing mildly higher versus its major peers as concerns over the absence of any additional US stimulus drags on investors nerves boosting demand for safe haven assets and currencies such as the US Dollar.<\/p>\n<p>The Democrats and Republicans continue to negotiate, with the clock ticking towards the Tuesday deadline set by House Speak Nancy Pelosi. Democrat Steve Mnuchin said that differences were narrowing. However, he also said that difference remain.<\/p>\n<p>If the two sides fail to agree a deal by the end of the today, then there will be no additional stimulus until after the US Presidential elections.<\/p>\n<p>There is no high impacting US data due for release today. Attention will turn firmly towards the elections with the final live debate between President Trump and Joe Biden. With just 2 weeks to go until polling day, Joe Biden is leading in the national polls. However, there are signs that Trump could be making up lost ground.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Euro (EUR) is showing resilience despite surging covid numbers German producer price index +0.4% vs -0.1% forecast US Dollar (USD) trades mildly higher as hopes of US stimulus fade US Presidential debate in focus as the race picks ups The Euro US Dollar (EUR\/USD) exchange rate is trading flat on Tuesday after posting solid gains [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":5182,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,1381],"tags":[1395,1393,1447,1509,1397,1398],"class_list":{"0":"post-105976","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eur","8":"category-usd","9":"tag-eur","10":"tag-euro","11":"tag-ppi","12":"tag-stimulus","13":"tag-us-dollar","14":"tag-usd"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>EUR\/USD: Euro Steady As Investors Digest Covid Cases &amp; 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