On Wednesday, the focus on global markets turned to Europe. Strong EMU PMI’s supported the euro across the board, but the gains in EUR/USD was moderate and evaporated later in the session. The rise in core bond yields supported EUR/JPY and USD/JPY. Intraday, EUR/USD stayed within reach of the 1.3239 correction top in Asia and drifted to the 1.32 area at the start of European trading. First, it looked like the dollar was building a base against the euro and other major currencies. However, in
Reported by FXstreet.com 3 days ago.
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