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EUR/USD edges higher as European risk on extends

The outlook for the European equity market reopening remains positive this morning, as covered in earlier updates here on the DAX and the FTSE 100. That has helped the dollar to edge lower, despite little change in US yields this morning. The latest news concerning the war in Gaza might have helped that risk on dynamic, but of course it remains to be seen if that will deliver a ceasefire in the region. However, so far it has provided a good enough excuse to shift the EUR/USD a little higher. The EUR/USD has already set in place a minor interim base at 1.0723 yesterday, matching the low seen on Monday. The EUR/USD closed in the US last night at 1.0755. It has just now edged to a fresh session high at 1.0769
 

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