EUR/USD rebounds from earlier lows near 1.0940 By pabspiovano EURUSD Currencies Majors
The dollar gives away part of the initial strong advance.Following an early drop to the proximity of 1.0940,EUR/USD: Next on the downside comes 1.0900
Indeed, extra gains in the buck remain propped up by the march north in US yields along with markets’ expectations of tighter rate path by the Federal Reserve, while the absence of news from the Ukraine war appears to sustain a cautious note in the risk complex. at some point by year end, while higher German yields, elevated inflation, the decent pace of the economic recovery and auspicious results from key fundamentals in the region are also supportive of a rebound in the euro.
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