EUR/USD recedes from tops near the 1.0500 barrier – by pabspiovano EURUSD Currencies Majors
The Dollar attempts a rebound from initial multi-month lows.The still soft note in the US Dollar motivatesEUR/USD trims part of its earlier advance to the boundaries of 1.0500 the figure at the beginning of the week on the back of the so far lacklustre recovery in the Dollar, while yields keep the inconclusive performance on both sides of the Atlantic so far on Monday.
In the US docket, the Dallas Fed Manufacturing Index is due next ahead of the speech by New York Federal Reserve President John C.Williams.EUR/USD remains firm and manages to surpass once again the 1.0400 hurdle on the back of some renewed weakness in the US Dollar amidst alternatingIn the meantime, the European currency is expected to closely follow Dollar dynamics, the impact of the energy crisis on the region and the Fed-ECB policy divergence.
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