{"id":106135,"date":"2020-10-26T13:53:24","date_gmt":"2020-10-26T13:53:24","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=106135"},"modified":"2020-10-26T13:53:24","modified_gmt":"2020-10-26T13:53:24","slug":"104638-eur-usd-weaker-after-ifo-data","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/104638-eur-usd-weaker-after-ifo-data\/","title":{"rendered":"EUR\/USD weaker after IFO data"},"content":{"rendered":"<ul>\n<li style=\"font-weight: 400;\"><strong>EUR\/USD heads lower to 1.18<\/strong><\/li>\n<li style=\"font-weight: 400;\"><strong>German IFO Business Climate October deteriorates to 92.7.<\/strong><\/li>\n<li style=\"font-weight: 400;\"><strong>US New Home Sales, Chicago Fed index in focus.<\/strong><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">EUR\/USD heads southwards towards 1.1800 support from the beginning of the week.<\/span><\/p>\n<p><strong>EUR\/USD weakens following IFO data<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">EUR\/USD trends lower on Monday and heads towards 1.1800 investors prefer safe havens.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Diminishing chances of US stimulus prior to the November elections, together with rising covid concerns over the global economic recovery continue to remain supportive to safe haven demand, capping any potential upside.<\/span><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The German Business Climate data also dragged on the common currency at the start of the week. The index declined to 92.7 in October from September\u2019s multi-month peak above 93.0.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">On the US economic calendar, October\u2019s New Home Sales are due later, as well as the Chicago Fed index.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>EUR\/USD heads lower to 1.18 German IFO Business Climate October deteriorates to 92.7. US New Home Sales, Chicago Fed index in focus. EUR\/USD heads southwards towards 1.1800 support from the beginning of the week. EUR\/USD weakens following IFO data EUR\/USD trends lower on Monday and heads towards 1.1800 investors prefer safe havens. Diminishing chances of [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":4996,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,1381],"tags":[1395,2412,1398],"class_list":{"0":"post-106135","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-eur-usd","11":"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 weaker after IFO data - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/104638-eur-usd-weaker-after-ifo-data\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Fiona Cincotta\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104638-eur-usd-weaker-after-ifo-data\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104638-eur-usd-weaker-after-ifo-data\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"EUR\\\/USD weaker after IFO data\",\"datePublished\":\"2020-10-26T13:53:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104638-eur-usd-weaker-after-ifo-data\\\/\"},\"wordCount\":139,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104638-eur-usd-weaker-after-ifo-data\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100707-gbp-eur-angela-merkel-resigns.jpg\",\"keywords\":[\"eur\",\"eur\\\/usd\",\"usd\"],\"articleSection\":[\"EUR\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104638-eur-usd-weaker-after-ifo-data\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104638-eur-usd-weaker-after-ifo-data\\\/\",\"name\":\"EUR\\\/USD weaker after IFO data - 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