Euro battles back and hits a session high

News

40 pips down, 50 pips back up

The euro bulls have fought back.

A sagging risk trade is helping the euro. It found support near 1.1160 early in London trade and has battled all the way back to a session high of 1.1212.

Italy will be in focus this week but it may prove tougher for Salvini to force an election than believed. That’s helped to push Italian 10-year yields down 5.5 bps today after a 25 bps jump late last week.
ForexLive

Articles You May Like

USDJPY dips with stocks. New lows for stocks
Forexlive Americas FX news wrap: US yields recover a bit into the weekend
Heads up: German Q2 preliminary GDP report due soon
Here are the biggest analyst calls of the day: Roku, Humana, Occidental Petroleum & more
Trump called the CEOs of the biggest US banks on Wednesday as the stock market plunged

Leave a Reply

Your email address will not be published. Required fields are marked *