EUR/USD trades in negative territory for the second consecutive day. German Gross Domestic Product for Q3 is expected to contract by 0.3% QoQ vs. 0.2% rise prior. Some analysts speculate that the Bank of Japan may tweak its yield curve control approach. Traders will closely monitor the German GDP and CPI ahead of the BoJ policy meeting. rozone economic data triggers the fear of recession in the Eurozone and exerts some selling pressure on the Euro against the Japanese Yen .
According to a Reuters poll, economists anticipate the BoJ will end its negative interest rate policy next year, with more now expecting the central bank to abandon its ultra-accommodative monetary policy. Market players will monitor the German Gross Domestic Product for the third quarter due later on Monday in the European session. Also, the preliminary Spanish Consumer Price Index for October and the German CPI will be released.
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: FXStreetNews - 🏆 14. / 72 Read more »
Source: FXStreetNews - 🏆 14. / 72 Read more »