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EURUSD Surges to Three-Month High Near 1.17 as Dollar Weakens

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The Story

News Summary

  • EURUSD surged toward a three-month high near $1.1700 as US Treasury bond buybacks depressed yields and hammered the dollar.
  • Simultaneously, expectations of further ECB rate hikes alongside a widening eurozone current-account surplus provided additional bullish tailwinds for the euro.
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EURUSD price history

1.16 +0.00% over the displayed period

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