EUR/USD remains depressed near 1.1570, FOMC looms closer
newscatcher
2021-11-03 14:30
EUR/USD remains depressed near 1.1570, FOMC looms closer
EUR/USD keeps the offered stance unchanged around 1.1570. US ADP report surprised to the upside in October at 571K jobs. The FOMC event is due later with QE tapering in the centre of the debate. Sellers seem to remain in control of the sentiment around the European currency and force EUR/USD to drop to daily lows near 1.1560 on Wednesday. EUR/USD now accelerates losses and adds to Tuesday's bearish price action against the backdrop of further recovery in the greenback as well as the prevailing cautiousness ahead of the FOMC gathering.

https://www.fxstreet.com/news/eur-usd-remains-depressed-near-11570-fomc-looms-closer-202111031423

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