Eur usd news today

Here are the latest news and updates on the EUR/USD currency pair:

Current Rate: 1.1235 (as of 14:30 GMT)

News and Updates:

  1. ECB's Lagarde: Eurozone economy to recover slowly: European Central Bank (ECB) President Christine Lagarde said that the eurozone economy is expected to recover slowly from the COVID-19 pandemic, with growth likely to be modest in the coming years. (Source: Reuters)
  2. US-China trade tensions ease: The US and China have reached a tentative agreement on a phase one trade deal, which could help to ease trade tensions between the two countries. The deal is expected to be signed in the coming weeks. (Source: Bloomberg)
  3. German GDP growth slows: Germany's economy grew by 0.1% in the third quarter, slower than expected, due to a decline in exports and a slowdown in consumer spending. (Source: Deutsche Wirtschafts Nachrichten)
  4. Eurozone inflation rate falls: The eurozone's inflation rate fell to 1.2% in October, down from 1.3% in September, due to lower energy prices. (Source: Eurostat)
  5. US job market strong: The US job market remains strong, with non-farm payrolls increasing by 136,000 in October, and the unemployment rate falling to 3.6%. (Source: Bureau of Labor Statistics)

Technical Analysis:

The EUR/USD pair is trading within a narrow range, with the 1.1200 level acting as support and the 1.1300 level acting as resistance. A break above 1.1300 could lead to further gains, while a break below 1.1200 could lead to a decline towards 1.1100.

Economic Calendar:

Market Sentiment:

The EUR/USD pair is trading with a neutral bias, as market participants await further developments on the US-China trade deal and the eurozone economy. The pair is expected to remain range-bound until there is a clear direction on these issues.