{"id":107732,"date":"2021-01-12T09:28:11","date_gmt":"2021-01-12T09:28:11","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=107732"},"modified":"2021-01-12T10:16:18","modified_gmt":"2021-01-12T10:16:18","slug":"105216-eur-usd-edges-cautiously-higher-after-3-days-of-losses","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/105216-eur-usd-edges-cautiously-higher-after-3-days-of-losses\/","title":{"rendered":"EUR\/USD: Edges Cautiously Higher, After 3 Days of Losses"},"content":{"rendered":"<ul>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/eur-euro-live-exchange-rate\/\">Euro<\/a> (EUR) advances on weaker USD<\/strong><\/li>\n<li><strong>Eurozone industrial production due tomorrow<\/strong><\/li>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/usd-us-dollar-live-exchange-rate\/\">US Dollar<\/a> (USD) eases as treasury yields stabilize<\/strong><\/li>\n<li><strong>US CPI on Wednesday<\/strong><\/li>\n<\/ul>\n<p>The Euro US Dollar (<a href=\"https:\/\/currencylive.com\/\">EUR\/USD<\/a>) exchange rate is trading 0.1% higher after falling for the past three straight sessions. The pair settled -0.3% lower in the previous session at US$1.2150, towards the lower end of the daily traded range. At 09:15 UTC, EUR\/USD trades +0.1% at US$1.2158.<\/p>\n<p>The Euro is managing to claw higher today but the technical outlook for the pair is broadly bearish at least in the near term.<\/p>\n<p>Covid cases in the region continue to surge and the vaccine programme has been very slow in getting off the floor.<\/p>\n<p>This week is a quiet week for Eurozone data releases. Yesterday\u2019s Spanish industrial production missed forecasts falling -0.9% month on month in November. \u00a0Annually, output plunged -3.8% reflecting the ongoing impact of the Covid 19 crisis.<\/p>\n<p>There is no major Eurozone economic data due to be released today although Eurozone industrial production will be under the spotlight tomorrow. Should Wednesday\u2019s Eurozone industrial production data underwhelm, the Euro could take another leg lower.<\/p>\n<p>The US Dollar, which has been surging higher in recent sessions finally paused for breath on Tuesday, consolidating recent gains.<\/p>\n<p>The US Dollar Index which measures the greenback versus its major peers traded -0.1% at the time of writing.<\/p>\n<p>Despite today\u2019s pullback in the USD, the tone surrounding the greenback has been bullish over the last few days as expectations of huge fiscal stimulus from a Democrat sweep mean that the Federal Reserve could soon start tapering its bond purchases, lifting US treasury bond yields.<\/p>\n<p>US President elect Biden takes office on 20<sup>th<\/sup> January and has promised trillions in additional covid stimulus measures. As a result the US treasury yield has pushed above 1% for the first time in 10 months.<\/p>\n<p>There is no high impacting US economic data today. Attention will turn towards US inflation data which is due to be released tomorrow.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Euro (EUR) advances on weaker USD Eurozone industrial production due tomorrow US Dollar (USD) eases as treasury yields stabilize US CPI on Wednesday The Euro US Dollar (EUR\/USD) exchange rate is trading 0.1% higher after falling for the past three straight sessions. The pair settled -0.3% lower in the previous session at US$1.2150, towards the [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":5721,"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-107732","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: Edges Cautiously Higher, After 3 Days of Losses - 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\/105216-eur-usd-edges-cautiously-higher-after-3-days-of-losses\/\" \/>\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\\\/105216-eur-usd-edges-cautiously-higher-after-3-days-of-losses\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105216-eur-usd-edges-cautiously-higher-after-3-days-of-losses\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"EUR\\\/USD: Edges Cautiously Higher, After 3 Days of Losses\",\"datePublished\":\"2021-01-12T09:28:11+00:00\",\"dateModified\":\"2021-01-12T10:16:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105216-eur-usd-edges-cautiously-higher-after-3-days-of-losses\\\/\"},\"wordCount\":340,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105216-eur-usd-edges-cautiously-higher-after-3-days-of-losses\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/usd-euro-Attention-Turns-To-German-US-Economic-Data.jpg\",\"keywords\":[\"eur\",\"eur\\\/usd\",\"usd\"],\"articleSection\":[\"EUR\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2021\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105216-eur-usd-edges-cautiously-higher-after-3-days-of-losses\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105216-eur-usd-edges-cautiously-higher-after-3-days-of-losses\\\/\",\"name\":\"EUR\\\/USD: Edges Cautiously Higher, After 3 Days of Losses - 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