EUR/USD pulls back from day's high, fails to capture 1.0600

📆 10/27/2023 7:23 PM
📰 FXStreetNews

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The EUR/USD slipped back into the 1.0570 region in Friday's midday, with the Euro falling just short of retaking the 1.0600 handle before the trading

The EUR/USD is seeing a pullback from the day's highs as risk aversion takes a bite on Friday. The US Dollar is seeing a recovery heading into the Friday closing bell, bouncing from the day's lows. US PCE came in as-expected, investors to turn their eyes toward Fed's next rate call. week closes out. The US Dollar is catching an intradaybid to recover from Friday's lows, with the US Dollar Index recovering to the day's opening prices.

Markets have broadly predicted the Fed to stand pat on interest rates next Wednesday, but traders will be keeping a close eye on the Fed's dot plot and Fed Chairman Jerome Powell's speech scheduled for 30 minutes after the rate statement gets released.

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