EUR/USD remains under pressure below 1.0500 ahead of Eurozone PPI, Retail Sales

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EUR/USD remains under pressure below 1.0500 ahead of Eurozone PPI, Retail Sales
France Dernières Nouvelles,France Actualités
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The EUR/USD pair remains under selling pressure around 1.0475 after bouncing off the ten-month low near 1.0450 during the early Asian trading hours on

On Tuesday, the Job Openings and Labor Turnover Survey showed that the number of job openings for August stood at 9.6 million from the previous month of 8.9 million . The figure came in better than the estimation of 8.8 million by a wide margin.

Looking ahead, market participants will monitor the Eurozone Producer Price Index and Retail Sales for August due on Wednesday. The annualized PPI figure is expected to fall from -7.6% to -11.6%, while the Retail Sales are expected to drop, from -1% to -1.2%. Also, the US ADP Employment Change and ISM Services PMI will be released later in the Amercan session. On Friday, the attention will shift to the highly-anticipated US Nonfarm Payrolls.

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