Open Demo Account
Home / Market Update / Forex Market / EUR/USD Erases Daily Gains to Settle Near Daily Low
Eurozone
Eurozone

EUR/USD Erases Daily Gains to Settle Near Daily Low

M. Ali 10 June, 2021 1:00 am Forex Market, Market Update

The Euro (EUR) erased most of its gains against the U.S. Dollar (USD) on Wednesday, moving towards a marginal rise near its closing level in the previous session.

Earlier today, the EUR/USD pair was trading as high as 1.2218, due to the brief plunge by the Dollar, after falling U.S. Treasury bond yields ahead of inflation data weighed on the greenback.

The pair is currently trading marginally higher by 0.05% at 1.2179, near its Tuesday’s closing level of 1.2173, and a little above its daily low of 1.2171.

Fluctuations by the EUR/USD pair came amid the absence of major economic data in the U.S. and the European bloc, with both anticipating the release of U.S. inflation data, with last month’s reading for the consumer price index (CPI), and signs about the future of monetary policy in the Eurozone.

Tags

Check Also

U.S. Inflation Stays Cool in May: Calm Before the Storm?

Inflation Meets Expectations: In May 2025, U.S. inflation aligned closely with forecasts, offering a moment …

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