EUR/USD looks bid and regains the 1.0900 mark and above – by pabspiovano EURUSD Currencies Majors
The dollar struggles to extend the rebound amidst lower yields.The single currency regains upside traction and liftsEUR/USD so far reverses two consecutive daily pullbacks and manages to advance to the area beyond 1.0900 the figure on the back of some corrective weakness in the greenback and the marked rebound in the risk complex.
In the meantime, investors continue to gauge a most likely 25 bps rate hike by both the ECB and the Federal Reserve. The likeliness of a move on rates on the latter has gathered pace following the solid US jobs report published on Friday. In the meantime, price action around the single currency should continue to closely follow dollar dynamics, as well as the incipient Fed-ECB divergence when it comes to the banks’ intentions regarding the potential next moves in interest rates.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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