Inflation is sluggish, and European banks are expected to continue to stabilize, making it difficult for the euro to reverse its decline in the short term

Network connectivity10month20Daily News - Thursday(10month20day)In the Asian market, the euro cannot reverse the recent bear market pattern against the US dollar, and the exchange rate is trading flat1.0973Nearby, the intraday wave amplitude is currently only16Points.

At present, the three debates on the US presidential election have already begun, which can be considered a back-to-back battle for Trump, who was at a disadvantage in the previous two debates. This time, Trump was clearly more prepared than Hillary. However, the latest poll shows that Hillary's approval rating is ahead of Trump's9Percentage points.

On Thursday in the European session, the European Central Bank will announce a new interest rate decision, but few expect the ECB to introduce new measures.

Brown Brothers Harriman analyst pointed out that "the recent economic performance of the eurozone has met the expectations of the European Central Bank, with growth rates stable near the average level. However, although deflationary pressures have eased,..."0.4%ofCPIThe year-on-year growth rate still cannot satisfy European bank officials
Inflation is sluggish, and European banks are expected to continue to stabilize, making it difficult for the euro to reverse its decline in the short term

technical analysis

High end pressure is located at the intraday high point1.0980And the big difference with integers1.10. Low level support seen at intraday lows1.0964Compared to yesterday's low point1.0953。


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