EUR/USD climbs to multi-session highs beyond 1.0650 ahead of key data – by pabspiovano EURUSD Currencies Majors
The dollar trades well on the defensive below the 105.00 level.to the area of multi-day peaks near 1.0660 on Wednesday.EUR/USD resumes the upside and leaves behind Tuesday’s daily decline on the back of the renewed and marked selling pressure in the greenback, which prompts the USD Index to retreat to the sub-105.00 region.
In the docket, Germany’s jobs report showed the Unemployment Change rose by 2K in February and the Unemployment Rate held steady at 5.5% in the same period. Still in Germany, final In the meantime, price action around the European currency should continue to closely follow dollar dynamics, as well as the potential next moves from the ECB after the bank has already anticipated another 50 bps rate raise at the March event.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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