EUR/USD Current price: 1.0917 Cooling hopes for additional rate hikes in Japan help stabilize the market mood. United States Treasury yields extend their recovery after the latest collapse. EUR/USD is neutral-to-bearish in the near term, critical support at 1.0890. The better sentiment partially resulted from comments from Bank of Japan Deputy Governor Shinichi Uchida, whose dovish words poured cold water on Asian markets.
4% in the same month from Maybut edged 4.1% lower from a year earlier. The US released MBA Mortgage Applications for the week ended August 2, which rose 6.9%. The country will later publish the June Consumer Credit Change. EUR/USD short-term technical outlook Heading into Wall Street’s opening, the Euro is among the USD's weakest rivals. The daily chart for the EUR/USD pair shows it trades in the red, at the lower end of Tuesday’s range.