EUR/USD comes under further pressure and challenges 1.0800 – by pabspiovano EURUSD Currencies Majors
The greenback rose to multi-day highs well past the 102.00 mark.The corrective decline remains well and sound around the European currency and now dragsEUR/USD loses ground for the fourth consecutive session and sheds more a cent since last week’s fresh tops near 1.0930 on Tuesday,
Yields of the German 10-year Bund, in the meantime, follow their US peers and struggle to extend the recent bounce., German Retail Sales contracted at a monthly 5.3% in December and 6.4% over the last twelve months. Still in Germany, the Unemployment Rate held steady at 5.5% in January and the Unemployment Change shrank by 15K people in the same month.
In the meantime, price action around the European currency should continue to closely follow dollar dynamics, as well as the potential next steps from the ECB and the Federal Reserve at their upcoming gatherings in the next week. Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.
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