EUR/USD in multi-day highs past 1.1000 as European markets draw to a close – by pabspiovano EURUSD Currencies Majors
Germany’s Business Climate surprised to the downside in April.manages to reverse the initial pessimism and advances to fresh peaks past the psychological 1.1000 the figure in an auspicious beginning of the week.EUR/USD clinches the third consecutive daily gain on the back of the continuation of the downward bias in the dollar and the generalized upbeat sentiment in the global markets.
In the data universe, Germany’s Business Climate tracked by the IFO institute came in below consensus despite improving marginally to 93.6 for the month of April. In the US, the Chicago Fed National Activity Index disappointed expectations after remaining unchanged at -0.19 in March. Later in the session, the Dallas Fed Manufacturing Index will close the daily docket.EUR/USD picks up pace and manages to clear the key hurdle at the 1.1000 yardstick at the beginning of the week.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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