The Euro Area Inflation Rate Rose To A New High In Recent Two Years In September.

Preliminary statistics released by the European Union Statistics Bureau 30

According to analysts, inflation in the euro area is still related to rising energy and food prices this month.

Previously, the euro area's annual inflation rate reached 1.7% in July, due to rising energy and food prices, and dropped to 1.6% in August.

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The German machinery and Equipment Manufacturing Association (VDMA) released data on Thursday (September 30th), showing that the annual rate of machinery orders increased by 45% in Germany in August due to the growth of foreign demand.

At the same time, the European Central Bank (ECB) and the European Union (EU) officials said they welcomed the economic plan announced by Portugal and Ireland, and pointed out that Portugal's economic plan would help to reduce the size of its deficit, and that Ireland's economic plan would reduce the cost of restructuring its banking sector.

In addition, Moodie's Moody (s) lowered Spain's sovereign rating from the highest level of "Aaa" to "Aa1", with the prospect of "stability".

EUR / USD opened at 1.3639 level in New York. In the early trading session, the price of the exchange dropped to 1.3681 after its high level.

At the beginning of the afternoon, the exchange rate reached a low level of 1.3587 after a steady recovery.

At the end of the afternoon, the exchange rate expanded and ended up near the 1.3630 level.

Technically, the euro / dollar is stable above the 5 day moving average, but the MACD index has shortened the red kinetic energy column and the KDJ index has leveled off.

If the exchange rate breaks through the 1.3700 level, the uplink target will reach the 1.3890 level.

If the exchange rate falls below 1.3520 level, the callback target will point to 1.3330 level.

Beijing time 04:16, euro / dollar reported 1.3638/40.