The euro came under pressure on Friday and briefly dipped below the 1.3300 level against the dollar to hit a low of 1.3295 at the beginning of the North American session as the risk-off sentiment dominates the board.
However, EUR/USD managed to quickly bounce from lows, although the recovery has been capped by the 1.3320 area. The pair is currently quoting at the 1.3315 zone, recording a 0.4% loss on the day. The recent release of the US Reuters/Michigan consumer sentiment index below expectations has done nothing but add to the USD strength.
However, EUR/USD managed to quickly bounce from lows, although the recovery has been capped by the 1.3320 area. The pair is currently quoting at the 1.3315 zone, recording a 0.4% loss on the day. The recent release of the US Reuters/Michigan consumer sentiment index below expectations has done nothing but add to the USD strength.
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