Market Overview

EUR/USD Higher, Construction Output Eases


EUR/USD is trading at 1.0995, up 0.0020.

The pair is trading near the session highs.

Market talk about European Central Bank (ECB) monetary policy and recent comments from various European economic policy makers is making the rounds.

Eurostat reported that Euro area construction output eased to a 0.9 percent gain year over year in August versus an upwardly revised gain of 4.1 percent in July. Construction output rose at reduced level for civil engineering and building construction.

Thursday the ECB Governing Council meets and will announce if there is any change to monetary policy at 7:45 a.m. ET. followed by a news conference at 8:30 a.m. ET. held by European Central Bank President Mario Draghi.

Posted-In: EUR/USD euroFutures Forex Markets


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