Open Demo Account
Home / Market Update / Forex Market / EUR/USD Recovers and Restores 1.1920 Level
Eurozone
Eurozone

EUR/USD Recovers and Restores 1.1920 Level

M. Ali 22 June, 2021 1:50 am Forex Market, Market Update

The Euro (EUR) rose against the U.S. Dollar (USD) on Monday after falling for three consecutive sessions.

Profit-making and uncertainty about the infrastructure spending plan are weighing on the USD, with markets still digesting the change in tone by the U.S. Federal Reserve.

The EUR/USD pair gained 0.47% and reached $1.1920, remaining below the 1.20 key level.

Nevertheless, the pair recorded its biggest daily rise since May 18.

The pair remains down month-to-date by 2.51%.

Tags

Check Also

How can France Early elections influence Euro’s performance?

The far-right in France is on the rise, according to the results of Sunday’s early …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends