Currency Buzz: Euro Just Holds Above Parity Against Dollar

10 Nov 2022 , 02:52 PM

The Euro is off a two week high but looks modestly supported against the US dollar. The single currency currently quotes at 1.004, just managing to stay protected above the parity mark ahead of the US inflation reading. The US midterm election jitters are also keeping the overall movement choppy. Meanwhile, the specter of inflation continues to act as a critical factor for the European policymakers ahead of the peak winter season. A general strike in Greece has seen thousands of people taking to the streets to demand higher wages in the due to surging inflation. In the second 24-hour strike this year, protesters marched on the countrys parliament, as they called for an end to layoffs and pay cuts. Powered by Commodity Insights