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Weaker dollar pushes EUR/USD up to test 1.1650

Mohamed Abdelhamid 21 October, 2021 1:34 am Forex Market, Market Update

EUR/USD erased daily losses amid a decline of the dollar. EUR/USD pair is modestly rising after a rebound from 1.1615. During the American session, the pair climbed to 1.1651, slightly below the registered daily highs.

On Wednesday, the U. S. dollar fell across the board amid risk appetite across financial markets which impacts the dollar’s performance while Euro turns positive versus the dollar and negative against the sterling.

The Euro remains unable to break the 1.1650 barrier and the DXY Index is falling by 0.15% even though the U. S. Treasury yields hold around monthly highs.

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