EUR/USD looks offered, visits daily lows near 1.1320 By pabspiovano EURUSD Currencies Majors
The greenback looks bid following poor Payrolls results in December.Sellers appear to have returned to the single currency and now dragEUR/USD fades part of Friday’s strong advance in response to the renewed buying interest in the greenback, which so far manages to lift theThe rebound in the dollar and the consequent knee-jerk in spot came against the backdrop of the relentless uptick in US yields, with the 10y reference note edging higher to the 1.
Across the pond, the only data release scheduled for Monday will be the Wholesale Inventories during November.EUR/USD remains in a consolidation mode since late November, with gains capped by the proximity of the 1.1400 mark and the lower end offering contention around 1.1220. In the meantime, the pair’s price action continues to track the performance of the greenback as well as the policy divergence between the ECB vs.
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