Euro backs off week high ahead of Lagarde's speech

EUR/USD tilted lower in Asian trade off November 9 highs ahead of a batch of data from the euro zone and the US, and a speech by ECB President Christine Lagarde. 


As of 06:45 GMT, EUR/USD fell 0.05% to 1.1848, with an intraday low at 1.1832. 


From the euro zone, the current account surplus is expected down to 18.1 billion euros from 19.9 billion in August. 


ECB President Lagarde is due to testify before the Committee on Economic and Monetary Affairs (ECON) of the European Parliament, via satellite.


From the US, unemployment claims for the week ending November 13 are expected down two thousand to 707 thousand, while the Philly manufacturing index is expected down to 22 from 32.3. 


US existing home sales are expected down 1.2% to 6.45 million units, while the CB leading index is expected up 0.7%.

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Posted By laraparker : 19 November, 2020
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