Euro vulnerable to further weakness in the near-term

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Euro vulnerable to further weakness in the near-term
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Economists at MUFG Bank analyze EUR outlook after sharply weaker Eurozone inflation data released last week. Weaker inflation data will reinforce expe

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The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.EUR/USD is in the red near 1.0550, having broken the Asian consolidation to the downside in the European session on Monday. The pair is weighed by a buoyant US Dollar amid higher US Treasury bond yields and a cautious mood. US ISM PMI and Powell's speech eyed.GBP/USD is trading below 1.

Gold price continues losing ground for the sixth straight day and drops to a near seven-month low. Bets for further policy tightening by the Fed turn out to be a key factor weighing on the “XAU/USD”.With the start of 2023’s fourth quarter, things are finally getting interesting in crypto. While the next 12 weeks are extremely important, let’s start by focusing on what to expect this week.The ISM will publish the United States September Manufacturing PMI today.

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