Markets see a technical correction
Investors' risk appetite in financial markets has started to weaken. The US Dollar Index is correcting upward, and the yield on 10-year US Treasury bonds has stabilised around 3.9%. Even positive data showing growth in industrial production in the Eurozone, which was significantly better than anticipated, didn't give the euro a new push to rise. However, the EUR/USD currency pair's technical overbought status is falling and, after a correction, will likely resume its upward movement.
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