5/20/2021 12:48:58 PM GMT
EUR/USD Current Price: 1.2203
A better market sentiment quickly affected the dollar’s demand.
US Initial Jobless Claims contracted to 444K in the week ended May 14.
EUR/USD is struggling to extend gains, but bears have no chances.
The EUR/USD pair recovered some ground so far this Thursday, battling to extend gains beyond the 1.2200 threshold. The pair bottomed at 1.2159 on Wednesday, following the release of the latest FOMC Meeting’s Minutes, which put chances of a tighter monetary policy back on the table, spurring risk-aversion across financial markets. The mood, however, improved within Asian trading hours to stabilize during the European session.
GBP/USD defends 1 4100 amid fresh optimism over UK unlock
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NZD/USD: Recovery capped below 0 7200 after New Zealand Budget
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Apr 15, 2021 22:11 GMTFXStreet News
What you need to know on Friday, April 16:
The greenback remained under selling pressure, with most major rivals extending modestly their weekly advances against the American dollar. However, neither EUR/USD surpassed 1.2000, nor GBP/USD was able to regain the 1.3800 threshold.
The Australian dollar was the best performer, while the Canadian dollar was the worst, the latter closing the day in the red against the US dollar.
Upbeat US data sent Wall Street further into its records’ run, but more important, US Treasury yields were sharply down. The yield on the 10-year note Treasury fell to 1.52%, its lowest in almost two months, to later settle at 1.55%.