Euro bounces off 1.0700 ahead of key US services sector data
On Wednesday, the Euro (EUR) makes a recovery against the US Dollar (USD), causing EUR/USD to move away from Tuesday's low point in the 1.0700 area.
After reaching new highs for the past six months, just below the 105.00 mark in the previous session, there is some selling pressure on the Greenback and it falls to a range of 104.80-104.70 when measured by the USD Index (DXY). Despite significant increases in US yields across various timeframes, there is only a slight decrease in this index.
After reaching new highs for the past six months, just below the 105.00 mark in the previous session, there is some selling pressure on the Greenback and it falls to a range of 104.80-104.70 when measured by the USD Index (DXY). Despite significant increases in US yields across various timeframes, there is only a slight decrease in this index.
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