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EUR/USD grinds lower towards 1 1900 on firmer USD

6/28/2021 3:51:34 AM GMT | By Anil Panchal EUR/USD remains pressured after snapping two-day uptrend, consolidates previous weekly gains. DXY probes pullback from two-month top as traders reassess inflation fears following Friday’s US PCE data. Covid woes in Australia, Japan and UK also put a safe-haven bid under the USD. Fedspeak can entertain markets ahead of Friday’s US NFP. EUR/USD fails to extend the previous week’s recovery moves, down 0.11% intraday around 1.1920, heading into Monday’s European session. The sluggish market fails to tame the pair sellers as fresh fears of inflation and the coronavirus (COVID-19) favor the US dollar’s demand, due to its risk-safety allure.

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