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EUR/USD hits fresh session lows ahead of the monthly close as US tech surges
The reaction in the US stock markets to the results from Microsoft and Meta has helped the dollar to gain. The USD/JPY has lifted back above the 143 handle and the GBP/USD and EUR/USD are lower. Well, so much for the dollar losing ground into the month-end, because that is clearly not going to happen with less than an hour now until the monthly close. The EUR/USD has fallen to a fresh session low a short while ago, at 1.1320. The noted recent lows at 1.1308 and 1.1310 are clearly at risk of being put to the test now. So, it is big tech to the rescue folks, but then again was it often not always the case in the past? Meta and Microsoft and floating all US stock market boats this evening and that is denting gold again and helping to lift the US currency. The EUR/USD is right now at 1.1321
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