Breaking: EUR/USD rallies hard to reclaim 1.1500 for first time since November 2021
Source Fxstreet
EUR/USD rallies over 1% in Asian trading on Monday as the relentless selling interest in the US Dollar (USD) paves the way for the major to clear the 1.1500 threshold for the first time since November 2021.
Growing concerns over a US economic recession and the Federal Reserve’s (Fed) independence continue to exert downward pressure on the USD. Meanwhile, a lack of any progress on the trade talks between the US and the European Union (EU) also continues to act as a headwind to the Greenback, keeping the EUR/USD pair underpinned.
developing story ....
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
EUR/USD Forecast: Euro weakens as risk mood soursEUR/USD struggles to find a foothold and trades at a fresh weekly low below 1.1850 after closing in negative territory on Monday. In the absence of high-impact data releases, the risk-averse market atmosphere could make it difficult for the pair to stage a rebound.
EUR/USD struggles to find a foothold and trades at a fresh weekly low below 1.1850 after closing in negative territory on Monday. In the absence of high-impact data releases, the risk-averse market atmosphere could make it difficult for the pair to stage a rebound.
Gold (XAU/USD) attracts some follow-through selling for the second straight day and slides to the $4,922 area during the Asian session on Tuesday amid thin liquidity on the back of the Lunar New Year holidays in China.
Gold price (XAU/USD) extends its losses for the second successive session, trading around $4,930 per troy ounce during the Asian hours on Tuesday.
Silver price retreats during the North American session nearly 1%, after reaching a daily high of $78.20.
The fourth-quarter earnings season for U.S. stocks is drawing to a close. With market participation continuing to rise, the U.S. stock market has entered a new normal with an average dail
Related Instrument
