2/9/2021 2:24:20 PM GMT | By FXStreet Team
The EUR/USD pair is up this Tuesday, retreating just modestly ahead of Wall Street’s opening from a daily high of 1.2115. The pair is struggling to extend gains beyond 1.2100 after the German Trade Balance posted a surplus of €16.1 billion, below expected, FXStreet’s Chief Analyst Valeria Bednarik briefs.
Key quotes
“The dollar accelerated its slump as US Treasury yields retreated further from almost one-year highs reached this Monday. European indexes are mixed, stuck around their opening levels, leading to some pre-opening losses in Wall Street.”
“Germany published the December Trade Balance, which posted a surplus of €16.1 billion, below expected. In the same month, the Current Account Balance was also below expected but improved to €28.2 billion from €21.2 billion in November.”
2/9/2021 1:38:30 PM GMT
EUR/USD Current Price: 1.2095
Weakening US Treasury yields pushed the American dollar sharply lower.
The German Trade Balance posted a surplus of €16.1 billion, below expected.
EUR/USD is trading at one-week highs, losing bullish strength.
The EUR/USD pair is up this Tuesday, retreating just modestly ahead of Wall Street’s opening from a daily high of 1.2115. The dollar accelerated its slump as US Treasury yields retreated further from almost one-year highs reached this Monday. European indexes are mixed, stuck around their opening levels, leading to some pre-opening losses in Wall Street.
Germany published the December Trade Balance, which posted a surplus of €16.1 billion, below expected. In the same month, the Current Account Balance was also below expected but improved to €28.2 billion from €21.2 billion in November. The US published the NFIB Business Optimism Index, which printed in January at 95, down from the previous 95.7. Later into