EUR/USD is on course for a third consecutive daily decline, helped along by an undershoot in September's inflation numbers from the Eurozone and diverging central bank communications.
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The Euro faces a setback this week amidst rising odds that the ECB accelerates the pace it cuts interest rates.
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The Euro to Dollar exchange rate will yield to the U.S. 'soft landing' says Deutsche Bank.
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The US dollar is holding firm on Thursday after bouncing back strongly on Wednesday to recoup some of its post-Fed losses.
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The Euro is recovering from recent losses, and analysts say China is to thank.
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The Euro to Dollar exchange rate can move higher and analysts think the 1.12 level is an attractive near-term target.
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EUR/USD started the new week with fresh momentum as the market adjusts to the raised odds of a 50 basis point interest rate cut at the Federal Reserve on Wednesday.
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