The EUR/USD pair managed to trim part of the US election-inspired losses and trades at around 1.0773.
EUR/USD Current price: 1.0773 The Fed eral Reserve will announce its decision on monetary policy later in the day. The outcome of the US presidential election keeps affecting financial boards. The EUR/USD pair trimmed part of its recent losses, bullish potential remains limited. Former United States President Donald Trump achieved an overwhelming victory in the 2024 election.
5% MoM, below the previous revised 1.1% but better than the 0.4% anticipated. The annual figure also beat expectations, hitting 2.9%. The US will publish the usual weekly unemployment claims figuresand the preliminary estimates of Q3 Nonfarm Productivity and Unit Labor Costs. As said, however, the focus will be on the Fed. EUR/USD short-term technical outlook The daily chart for the EUR/USD pair shows the advance is just corrective.
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