EUR/USD clings to 1.1100 amid fresh trade/political headlines
- EUR/USD struggles to extend the latest pullback, triggered mainly due to renewed trade optimism and downbeat German data.
- Headlines concerning the US-China relations renew risk-off while political talks at Italy show nearness to an agreement on alliance formation.
- German GDP, US Consumer Confidence and Richmond Fed Manufacturing Index decorate the economic calendar.
While fresh risk-on and downbeat German data dragged the EUR/USD pair down on Monday, latest trade/political news holds the quote tightly around 1.1100 during early Tuesday.
Among them doubts over the recent optimism surrounding the US-China relations take the center. The Global Times’ Chief Editor doubted any good calls from China to the US President Donald Trump, as he claimed yesterday, while Xinhua quoted the People’s Bank of China’s (PBOC) Governor while pushing for new loans, which in turn signals weaker Yuan rate that has been irritating the US President since long. Read the full story on Fxstreet.com