Euro nears 1.10 for the first time since August

<p>The euro is higher for the fourth day and is getting a tailwind from a broadly-weakening US dollar. <a href="https://www.forexlive.com/news/bank-of-america-offers-up-9-trading-themes-for-2024-including-us-dollar-softness-20231128/" target="_blank" rel="follow">Bank of America made the case</a> for buying the euro in a report on trading themes for the year ahead.</p><p>The US dollar is weakening today despite modestly higher long-dated Treasury yields. Overall the moves are small and the market may be looking forward to a heavy dose of economic data and Fedspeak starting at the top of the hour with:</p><ul><li>Consumer confidence</li><li>Richmond Fed</li><li>Fed's Goolsbee</li><li>Fed's Waller (10:05 am ET)</li><li>Fed's Bowman (10:45 am ET)</li></ul><p>The latter pair are Fed hawks and any climb-down on the need for rate hikes or optimism about the path of inflation from them could weigh further on the dollar.</p>

This article was written by Adam Button at www.forexlive.com.