EUR/USD looks depressed near 1.0700, USD in new cycle tops By pabspiovano EURUSD Currencies Majors
Germany IFO survey surprised to the upside in April.to the 1.0700 region earlier on Monday.EUR/USD adds to the pessimism seen in the second half of last week and extends the leg lower to the boundaries of the 1.0700 yardstick at the beginning of the week.
In the domestic calendar, Business Climate in Germany unexpectedly improved to 91.8 for the current month. Despite the positive surprise in this key event, the euro failed to spark a noticeable bounce. before the end of the year, while higher German yields, elevated inflation, the decent pace of the economic recovery and auspicious results from key fundamentals in the region are also supportive of a rebound in the euro.: Germany IFO Business Climate – Germany GfK Consumer Confidence – ECB 2021 Annual Report, Consumer Confidence, Economic Sentiment, Germany Flash Inflation Rate – Germany, EMU Flash Q1 GDP Growth Rate, EMU Flash Inflation Rate .
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