EUR/USD climbed to a weekly high above 1.0600 on Thursday but lost its bullish momentum early Friday. Although the US Dollar (USD) finds it difficult
EUR/USD stabilized above 1.0550 following Thursday's rebound. Safe-haven flows could dominate the markets ahead of the weekend. Fed Chairman Powell's cautious comments limits the USD's gains. to gather strength ahead of the weekend, the pair's upside could remain capped, with investors seeking refuge on fears over an escalation of the Israel-Hamas conflict.
The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent EUR /JPY . Meanwhile, US Treasury bond yields continued to push higher after US President Joe Biden announced that he will ask Congress for funding to aid Israel.
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