The EUR/USD pair fell to 1.1072 early on Thursday, bouncing just modestly from the level and trading near such a low ahead of the United States (US) opening.
EUR/USD Current price: 1.1083 German inflation fell more than anticipated in August, rising by 1.9% YoY. The United States upwardly revised the Q2 Gross Domestic Product to 3%. EUR/USD at fresh weekly lows and technically poised to extend its slide. The EUR/USD pair fell to 1.1072 early on Thursday, bouncing just modestly from the level and trading near such a low ahead of the United States opening.
the leading AI and chip giant, reported earnings after Wednesday's close, which beat expectations, yet shares fell roughly 8% after the news. Analysts attributed the decline to the fact that revenue guidance for the current quarter missed some estimates, while the company reported that it was facing difficulties in developing a new generation of chips. Asian indexes closed in the red, but European ones shrugged off the dismal mood and hold in the green, halting the USD advance.
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