Euro-Dollar Rate Heavy Despite Leaked ECB Inflation Forecasts

EUR/USD is likely to remain supported through the German election and subsequent coalition negotiations, according to analysis from one of the world's largest foreign exchange dealers.

The Dollar general direction of the Dollar is still pointed higher, according to new research from HSBC and SEB.

The Euro-to-Dollar exchange rate rose following the release of U.S. inflation data that came in below investor expectations.

EUR/USD attempted to draw a line under a hat-trick of losses but was struggling for momentum on Thursday after the ECB reduced slightly the pace of bond purchases under one of its quantitative easing programmes and hinted that a further reduction could come in December.

The Euro-to-Dollar exchange rate entered the new week testing a technical support level at 1.18 after its recent rebound was stifled by a cocktail of domestic and international factors.

EUR/USD eyeing 1.18 amid third corrective setback but any QE cutback from ECB could revive appetite.