Eurostat

The US Dollar Index weakened near 101.81 after Kevin Warsh avoided giving guidance on the October 27-28 Federal Reserve meeting. EUR/USD and GBP/USD held bullish technical structures as inflation, growth data and central bank expectations shaped trading sentiment.

EUR/USD remains under pressure after three straight daily declines, with rising US yields and oil prices reinforcing demand for the dollar. Technical traders are watching 1.1485 support and 1.1625 resistance as the pair attempts a short-term relief rebound.

EUR/USD pushed to 1.1676, its highest level since May, as the US dollar weakened and bond yields cooled after Treasury intervention. Traders are watching ECB minutes, inflation trends and the 1.1600 support zone as the pair attempts to extend its bullish breakout.

EUR/USD advanced to its strongest level since July 16 after the Federal Reserve left interest rates unchanged and markets reassessed the path for policy. Technical traders are now focused on whether the pair can break higher or retreat toward the lower side of its channel at 1.1372.