EUR/USD loses the grip and prints new YTD low around 1.1430

EUR/USD keeps the offered stance unchanged near 1.1430.
US yields trade in a mixed note following Thursday’s holiday.
US flash Consumer Sentiment next on tap in the docket.

Pablo Piovano FXStreet

EUR/USD extends the weekly bearishness for yet another session and clinches fresh 2021 lows near 1.1430 at the end of the week.

EUR/USD offered on dollar’s rally

EUR/USD navigates levels last traded back in the summer 2020 amidst the relentless march north in the greenback, which pushed the US Dollar Index (DXY) to new cycle peaks in the 95.25/30 band on Friday.

The pair, in the meantime, remains at the mercy of dollar dynamics and it has definitely accelerated the downtrend following the release of US inflation figures during October (Wednesday) and the breakdown of the key 200-week SMA (1.1561). The first event triggering a sharp move higher in the buck along with US yields and speculations of an anticipated lift-off by the Fed.

Back to the calendar, Industrial Production in the broader Euroland came above expectorations after contracting 0.2% inter-month in September, while expanding 5.2% vs. the same month in 2020.

Across the Atlantic, September JOLTs Job Openings and the preliminary Consumer Sentiment for the month of November are due.

EUR/USD levels to watch

So far, spot is down 0.09% at 1.1439 and faces the next up barrier at 1.1583 (20-day SMA) followed by 1.1609 (weekly high November 9) and finally 1.1616 (monthly high Nov.4). On the other hand, a break below 1.1432 (2021 low Nov.12) would target 1.1422 (monthly high Jun.10 2020) en route to 1.1300 (round level).

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

AUD/USD accelerates the decline below 0.7000

The late rebound in the Greenback has prompted the AUD/USD’s selling pressure to gather extra steam on Wednesday, sending spot to the mid-0.6900s for the first time since late July. In addition, inflation figures in Oz failed to surprise markets, leaving the pair vulnerable to extra weakness. On Thursday, the focus of attention on the domestic calendar will be on the release of the trade balance results in August.

USD/JPY stays weak below 157.00 amid Japanese intervention risks

USD/JPY keeps losses below 157.00 in the Asian session on Wednesday, as hawkish BoJ expectations, along with intervention risks, underpin the Japanese Yen, countering dismal domestic factory output and retail sales data. Meanwhile, a broad US Dollar retreat also collaborates to the pair's downside.

Gold meets resistance just above $4,200

Gold now makes a U-turn and recedes toward the $4,150 region per troy ounce on Wednesday. Indeed, the precious metal fades the earlier move past the key $4,200 yardstick and retreats marginally as the US Dollar trims part of its daily losses amid mixed US Treasury yields.

Bitcoin and Gold Outlook: BTC recovers $84K, XAU slips amid softer US PCE

Bitcoin (BTC) gains traction, rising above $84,000 on Wednesday as buyers return after softer-than-expected United States (US) inflation data. The Crypto King marks a second straight day of gradual recovery, building on the demand area between $82,000 and $83,000. Gold (XAU/USD), meanwhile, slides toward $4,100 after being rejected at the daily high of $4,219.

The Euro is near a one-year low: Inflation could trigger its rebound, not its fall

EUR/USD has fallen to its lowest level since May 2025, but a fresh inflation shock in the Eurozone could give the Euro an unexpected lifeline. The pair hit 1.1312 on Wednesday and trades well below the January peak of 1.2082. The decline reflects a powerful combination of US Dollar strength, geopolitical uncertainty and renewed concerns about Europe's exposure to higher energy prices.

The Euro is near a one-year low: Inflation could trigger its rebound, not its fall

EUR/USD has fallen to its lowest level since May 2025, but a fresh inflation shock in the Eurozone could give the Euro (EUR) an unexpected lifeline. The pair hit 1.1312 on Wednesday and trades well below the January peak of 1.2082.