EUR/USD News (Euro US Dollar)


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The EUR/USD pair consolidates at fresh 3-week lows, not far from May's bottom at 1.1134, neither far from this year low at 1.1110. The pair saw little action throughout the first two sessions of the day, having traded in a well-limited 30 pips' range ahead of the US opening. Risk aversion, correlated to US-Sino trade relationship was exacerbated during European trading hours, as Google has broken ties with Huawei following US Trump's decision last week to declare a national emergency on cybersecurity. Equities plummeted in Europe, while US futures are also on franc decline, with the DJIA trading over 250 points below Friday's close.

European data released earlier today came in mixed, as the German monthly PPI beat expectations in April, up by 0.5%, but missed the market's forecast yearly basis, printing 2.5% vs. the previous 2.7%. The European Current Account, seasonally adjusted, posted a better-than-expected €35.0B surplus. The US, on the other hand, released the April Chicago Fed National Activity Index, which came in worse-than-expected, at -0.45 vs. the previous 0.05. Later today's Fed's Vice-Chair Clarida, and Chief Powell will speak in different events.

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EUR/USD remains on the back foot amid ongoing trade concerns

EUR/USD is trading around 1.1150, the lowest in over two weeks. Markets are worried about US-Sino trade tensions as US companies stop working with China's Huawei and as China may ban these firms.

EUR/USD News

EUR/USD remains on the back foot amid ongoing trade concerns

EUR/USD is trading around 1.1150, the lowest in over two weeks. Markets are worried about US-Sino trade tensions as US companies stop working with China's Huawei and as China may ban these firms.

EUR/USD News

EUR/USD remains on the back foot amid ongoing trade concerns

EUR/USD is trading around 1.1150, the lowest in over two weeks. Markets are worried about US-Sino trade tensions as US companies stop working with China's Huawei and as China may ban these firms.

EUR/USD News

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EUR/USD remains on the back foot amid ongoing trade concerns

EUR/USD is trading around 1.1150, the lowest in over two weeks. Markets are worried about US-Sino trade tensions as US companies stop working with China's Huawei and as China may ban these firms.

EUR/USD News

EUR/USD remains on the back foot amid ongoing trade concerns

EUR/USD is trading around 1.1150, the lowest in over two weeks. Markets are worried about US-Sino trade tensions as US companies stop working with China's Huawei and as China may ban these firms.

EUR/USD News

EUR/USD remains on the back foot amid ongoing trade concerns

EUR/USD is trading around 1.1150, the lowest in over two weeks. Markets are worried about US-Sino trade tensions as US companies stop working with China's Huawei and as China may ban these firms.

EUR/USD News

EUR/USD remains on the back foot amid ongoing trade concerns

EUR/USD is trading around 1.1150, the lowest in over two weeks. Markets are worried about US-Sino trade tensions as US companies stop working with China's Huawei and as China may ban these firms.

EUR/USD News

EUR/USD remains on the back foot amid ongoing trade concerns

EUR/USD is trading around 1.1150, the lowest in over two weeks. Markets are worried about US-Sino trade tensions as US companies stop working with China's Huawei and as China may ban these firms.

EUR/USD News

EUR/USD remains on the back foot amid ongoing trade concerns

EUR/USD is trading around 1.1150, the lowest in over two weeks. Markets are worried about US-Sino trade tensions as US companies stop working with China's Huawei and as China may ban these firms.

EUR/USD News

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