EUR/USD licks its wounds below 1.0500 ahead of Eurozone GDP – by anilpanchal7 EURUSD GDP RiskAppetite Recession Currencies
major gains ahead of the final readings of the Eurozone Gross Domestic Product for the third quarter .
Alternatively, hopes of China’s easing to its three-year-old Zero-Covid policy on Wednesday, per Reuters, underpin the bullish bias for the EUR/USD pair. Beijing’s latest move could be linked to the receding virus infections from the record high, as well as multiple announcements suggesting more unlocking of the virus-hit economy that’s the second biggest in the world.officials and mixed Eurozone data appear to challenge the EUR/USD bears.
On the other hand, the US Goods and Services Trade Balance deteriorated to $-78.2 billion versus $-79.1 billion expected and $-73.28 billion prior.
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