{"id":107401,"date":"2020-12-23T10:16:45","date_gmt":"2020-12-23T10:16:45","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=107401"},"modified":"2020-12-23T10:29:46","modified_gmt":"2020-12-23T10:29:46","slug":"105101-eur-usd-euro-advances-cautiously-ahead-of-us-data","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/105101-eur-usd-euro-advances-cautiously-ahead-of-us-data\/","title":{"rendered":"EUR\/USD: Euro Advances Cautiously Ahead of US Data"},"content":{"rendered":"<ul>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/eur-euro-live-exchange-rate\/\">Euro<\/a> (EUR) advances on Brexit optimism &amp; French UK borders reopening<\/strong><\/li>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/usd-us-dollar-live-exchange-rate\/\">US Dollar<\/a> (USD) slips on mild market optimism<\/strong><\/li>\n<li><strong>US initial jobless claims, durable goods &amp; PCE in focus<\/strong><\/li>\n<\/ul>\n<p>The Euro US Dollar (<a href=\"https:\/\/currencylive.com\/\">EUR\/USD)<\/a> exchange rate is advancing on Wednesday, snapping a three day losing streak. The pair settled -0.65% lower in the previous session at US$1.2161 just a few pips up from the session low. At 09:15 UTC, EUR\/USD trades +0.2% at US$1.2190, after hitting a high of US$1.22.<\/p>\n<p>A mildly upbeat mood is helping the Euro push higher. Hopes surrounding Brexit and the reopening of the French UK border amid the Covid crisis is boosting sentiment.<\/p>\n<p>Today there is very little on the economic calendar. This week data has been broadly better than expected.<\/p>\n<p>Gfk German forward looking consumer confidence revealed that sentiment is set to deteriorate in January as tighter coid lockdowns take their toll. The survey showed that confidence fell -7.3% in January down from -6.8 in December and -0.2 in November. Whilst the reading was better than the -9.5 forecast it was also a 6 month lows.<\/p>\n<p>Looking ahead there are a few mid-tier data points such as Spain\u2019s GDP and Italian consumer confidence. However, price action has been driven by covid this week and this is likely to continue heading into Christmas.<\/p>\n<p>The US Dollar is on the back foot as investors shrug off news that Trump could put a halt to the US covid rescue package. US Congress finally agreed to a $2.3 trillion spending budget including $900 billion covid rescue package. However, Trump considers the $600 direct payment to Americans to be too small.<\/p>\n<p>US GDP data was better than forecast but that did little to boost the mood. US GDP, the third quarter final estimate saw 33.4% growth, versus 33.1% forecast. However, the data also suggests that growth was losing momentum as it approached year end.<\/p>\n<p>Attention now will turn to US data with initial jobless claims, durable goods and PCE figures in focus.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Euro (EUR) advances on Brexit optimism &amp; French UK borders reopening US Dollar (USD) slips on mild market optimism US initial jobless claims, durable goods &amp; PCE in focus The Euro US Dollar (EUR\/USD) exchange rate is advancing on Wednesday, snapping a three day losing streak. The pair settled -0.65% lower in the previous session [&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":[],"class_list":{"0":"post-107401","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eur","8":"category-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 Advances Cautiously Ahead of US 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\/105101-eur-usd-euro-advances-cautiously-ahead-of-us-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=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105101-eur-usd-euro-advances-cautiously-ahead-of-us-data\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105101-eur-usd-euro-advances-cautiously-ahead-of-us-data\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"EUR\\\/USD: Euro Advances Cautiously Ahead of US Data\",\"datePublished\":\"2020-12-23T10:16:45+00:00\",\"dateModified\":\"2020-12-23T10:29:46+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105101-eur-usd-euro-advances-cautiously-ahead-of-us-data\\\/\"},\"wordCount\":338,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105101-eur-usd-euro-advances-cautiously-ahead-of-us-data\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100707-gbp-eur-angela-merkel-resigns.jpg\",\"articleSection\":[\"EUR\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105101-eur-usd-euro-advances-cautiously-ahead-of-us-data\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105101-eur-usd-euro-advances-cautiously-ahead-of-us-data\\\/\",\"name\":\"EUR\\\/USD: Euro Advances Cautiously Ahead of US Data - 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