EUR/USD flirts with daily lows near 1.2110, dollar rebounds

EUR/USD flirts with daily lows near 1.2110, dollar rebounds


4/29/2021 8:54:32 AM GMT
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By Pablo Piovano
EUR/USD comes under downside pressure, still above 1.2100.
Higher US yields sustain the bounce off lows in the dollar.
German advanced April CPI figures next in the calendar.
After hitting fresh monthly highs around 1.2150 during early trade,
EUR/USD saw its gains trimmed and now tumbles to session lows in the 1.2110 region.
EUR/USD recedes from 2-month peaks
The rally in EUR/USD manages to reach fresh tops in the 1.2150 region earlier in the Asian session on Thursday, although the move run out of some steam soon afterwards and in response to the resurgence of the buying interest in the dollar.

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