(VIANEWS) – USD/EUR (USDEUR) has been up by 2.22% for the last 10 sessions. At 19:08 EST on Thursday, 10 October, USD/EUR (USDEUR) is $0.91.
USD/EUR’s yearly highs and lows, it’s 2.523% up from its 52-week low and 4.02% down from its 52-week high.
Volatility
USD/EUR’s last week, last month’s, and last quarter’s current intraday variation average was 0.29%, 0.04%, and 0.28%, respectively.
USD/EUR’s highest amplitude of average volatility was 0.30% (last week), 0.29% (last month), and 0.28% (last quarter), respectively.
Forex Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, USD/EUR’s Forex is considered to be oversold (<=20).
News about
- Eur/usd drifts higher above 1.0950 ahead of German industrial production. According to FXStreet on Tuesday, 8 October, "The EUR/USD pair extends its recovery to around 1.0985 on Tuesday during the early European trading hours. ", "However, the upside for EUR/USD might be limited as traders expect a smaller interest rate cut from the US Federal Reserve (Fed) in November. "
- According to FXStreet on Tuesday, 8 October, "A hawkish re-tuning on her side can send EUR/USD back above 1.10, but we are not sure markets will be giving up on an October cut very easily and the wide USD:EUR rate gap still points to some pressure on EUR/USD in the near term."
- According to FXStreet on Wednesday, 9 October, "We continue to flat-line our multi-quarter EUR/USD forecasts at 1.10 until the outcome ofNovember’s US presidential election is known.", "We are disappointed that the EUR/USD rally stalled at 1.12 this Autumn and instead, 1.08 seems far more probable than a retest of 1.12. "
- Eur/usd hangs near two-month low, seems vulnerable below mid-1.0900s ahead of US CPI. According to FXStreet on Thursday, 10 October, "Moreover, the risk of a further escalation of geopolitical tensions in the Middle East should benefit the safe-haven Greenback and suggest that the path of least resistance for the EUR/USD pair is to the downside. ", "The data will play a key role in influencing expectations about the Fed’s rate-cut path, which, in turn, will drive the USD demand in the near term and provide a fresh directional impetus to the EUR/USD pair."
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