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Fundamental Analysis
EURUSD
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[QUOTE="Terry_8, post: 187010, member: 65834"] EURUSD WILTS AMID RECORD SURGE IN CORONAVIRUS CASES ACROSS EUROPE [ATTACH type="full"]17143[/ATTACH] Euro is trading frail versus its US counterpart in the early Asian hours on Monday as the second wave of coronavirus intensifies across Europe that threatens the global recovery outlook. France registered a record surge in daily new infections that stood at 52,010, while Italy reported 21,273 new coronavirus cases in the last 24 hours. Considering the latest acceleration in cases, Spain and Italy have implemented partial lockdowns to contain the spread of the virus, thus exerting downward pressure on the single currency. As of now, the currency pair is trading at 1.1836 level, representing a loss of 0.18%. Coming on to the previous session, EURUSD remained buoyant owing to the broad-based USD weakness amid cautiousness ahead of the US presidential elections. The mixed data released from the Eurozone economy also rendered support to the currency pair. The flash services PMI for union and Germany plunged for October. However, the Manufacturing PMI came surprisingly upbeat for Germany and the Union as it stood at 58 and 54.4, respectively. Subsequently, the pair settled the day 1.1857 level, up by 0.34%. Today’s economic docket includes the German IFO Business Climate report and US Home Sales data SOURCE FXVIEW FB: [URL="http://www.facebook.com/fxviewdotcom/posts/229560008586373"]www.facebook.com/fxviewdotcom/posts/229560008586373[/URL] [/QUOTE]
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