EUR/USD climbs to 2-week highs past-1.0450 – by pabspiovano EURUSD Currencies Majors
The dollar trades on the defensive amidst lower US yields.to advance further north of the 1.0400 mark and clinch fresh 2-week peaks on Monday.EUR/USD resumes the upside and leaves behind Friday’s retracement on the back of the so far pronounced pullback in the dollar, which is also accompanied by declining US yields across the curve.
Earlier on Monday, ECB Board member Knot reiterated that underlying inflation trends are worrisome, at the time when he hinted at the likelihood of potential negative economic growth in the last quarter.Across the pond, the Dallas Fed Manufacturing Index will be the sole release in the docket seconded by the speech by New York Fed J.Williams.EUR/USD remains firm and manages to surpass once again the 1.
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