Skip to main content

EUR/USD has a look above 1.12

The fall in the dollar following the US PCE data has now seen the EUR/USD push higher and trade back above the 1.12 handle. That high came as the USD/JPY lurched lower again and drop to test 142.50. The EUR/USD has traded to a high so far at 1.1202 and hence clearly back within striking distance of the 1.1214 high (2024 high too) it set earlier this week. As to whether it can extend past that remains to be seen. Perhaps the next lot of US data at 2pm GMT might have a bearing on that? This is the latest University of Michigan consumer sentiment index. The EUR/USD is just now trading at 1.1202

Ready to Get Started?

Start here. Join 2.9M Libertex users around the world!