Euro maintains daily advances against the US Dollar.

The Euro (EUR) aims to prolong Friday’s euphoria against the US Dollar (USD), while EURUSD is still unable to break through the 1.0700 yardstick convincingly at the start of the week.

When measured by the USD Index (DXY), the Greenback loses momentum after Friday’s transitory visit to weekly peaks around the 106.00 threshold. The price is expected to be determined by the disparity between recent hawkish Fedspeak and investors’ perceptions of a prolonged pause in the Federal Reserve’s (Fed) normalization program. For the time being, the movement is centered on the US dollar.

Furthermore Christine Lagarde’s recent comments at the European Central Bank (ECB) revealed nothing new. The ECB president maintained that inflation remained too high and that the bank should reduce inflation to its target in a timely manner while maintaining its current restrictive stance for a longer period of time.

Daily market movers: Euro faces some pre-CPI caution.

The Euro is under pressure after breaking beyond 1.0700 against the USD.

US and German yields are under some pressure to fall.

Moreover Investors anticipate that the Fed will not raise interest rates in December.

The ECB appears to have reached a stalemate in its tightening drive.

Domestic price pressures remain high, according to ECB Vice President Luis De Guindos.

Moreover the geopolitical effervescence persists. The conflict in the Middle East continues unabated.

Japan’s finmin Suzuki stressed that abrupt currency moves are undesirable.

Markets should continue to focus on US CPI and PPI.