EUR/USD held steady on Tuesday, failing to reclaim the 1.1000 level but holding off its recent slide from the 1.1200 region. The euro has lost two and a third percent against the US dollar since hitting a one-year peak in late September, falling back to the 1.0950 region as markets bid the greenback higher across the board.

European data remains on the sidelines for most of the trading week. The European Central Bank (ECB) is set for another interest rate call next week, leaving the economic calendar largely clear of pan-EU data until then.

The Federal Reserve's (Fed) latest Meeting Minutes from its September rate-cutting meeting are due out on Wednesday, giving greenback traders plenty to ponder. Markets are widely expecting a follow-up double-digit rate cut in November after the Fed opened the door with a jumbo 50 bps rate cut in September. However, core inflation remains well above the Fed's target level and last week's excellent US jobs figures have seriously dampened rate cut expectations.

Source : FXstreet