{
  "id": 12318111,
  "title": "Euro: Downtrend slows but further lows possible against US Dollar – UOB",
  "url": "https://urgent.news/2026/10/06/euro-downtrend-slows-but-further-lows-possible-against-us-dollar-uob",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-06T06:28:13.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/euro-downtrend-slows-but-further-lows-possible-against-us-dollar-uob-202610060628"
  },
  "original_language": "en",
  "account": "United Overseas Bank analysts Quek Ser Leang and Lee Sue Ann report that the Euro experienced a brief dip below the 1.1180 level, reaching its lowest point in 17 months before bouncing back. They anticipate the currency to find stability within a defined range. Over the next 1-3 weeks, they maintain a bearish outlook on the Euro, indicating that while momentum is decelerating, a test of the 1.1145 level and the 1.1215 target over a 1-3 month timeframe remains possible. Initially, they believed EUR would trade within a range, but instead, it dropped to a low of 1.1160 during Asian trading hours before recovering, closing 0.28% lower at 1.1221. They continue to expect the Euro to oscillate within a range, likely between 1.1180 and 1.1255.",
  "summary": "United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann note that EUR/USD briefly broke below 1.1180 to a 17‑month low before rebounding to close around 1.1220. Intraday, they expect consolidation inside a defined range.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Investing.com",
        "title": "New Zealand third quarter business confidence jumps, says think tank",
        "url": "https://urgent.news/2026/10/05/new-zealand-third-quarter-business-confidence-jumps-says-think-tank",
        "published": "2026-10-05T21:42:39.000Z"
      },
      {
        "outlet": "FXStreet",
        "title": "The New Zealand Dollar holds near its lows while business confidence jumps",
        "url": "https://urgent.news/2026/10/05/the-new-zealand-dollar-holds-near-its-lows-while-business-confidence",
        "published": "2026-10-05T23:00:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}