EUR/USD adds to recent gains and revisits 1.1180 By pabspiovano EURUSD Currencies Majors
EUR/USD up on risk appetite, dollar losses
Extra upside in spot comes amidst some profit taking in the buck in light of recent strong gains – including new cycle highs in the– and the improved sentiment in the risk complex after the Chinese Manufacturing PMI surprised to the upside, albeit marginally, in January. – EMU Flash January CPI – EMU, Germany Final January Services PMI, ECB Meeting – EMU Retail Sales .: Asymmetric economic recovery post-pandemic in the euro area. ECB stance/potential reaction to the persistent elevated inflation in the region.
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