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EURUSD
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[QUOTE="Terry_8, post: 187821, member: 65834"] EURUSD NEAR 1.185 NEIGHBORHOOD ON VACCINE OPTIMISM, EYES ON US RETAIL SALES DATA [ATTACH type="full"]17258[/ATTACH] EURUSD ticks higher in the early Asian trading hours, mirroring optimistic cues from the global markets following a statement by Moderna declaring their experimental coronavirus vaccine to be 94.5% effective in the late-stage clinical trials. Besides, European Central Bank Chief Economist Philip Lane stated that an increase in the public sending to curb the pandemic-induced recession would not lead the debt towards unsustainable levels, thus boosting the market sentiments. As of now, the currency pair is trading at the 1.1857 level, up by 0.07%. Coming to the previous session, the currency pair witnessed a two-way price action and finally settled the day in the green at 1.1850 level, marginally up by 0.13%. Initially, the currency pair fell to the intra-day low of 1.1814 level on worries of a surge in coronavirus cases across Europe and the US that hampers the global economic recovery prospects. However, later in the session, the pair managed to gain ground following the release of the US NY Empire State Manufacturing Index, which came at 6.3, below the market expectations of 13.8 thereby, exerting downside pressure over the greenback. Moving ahead, investors can take cues from the EU’s Construction Output, and US Retail Sales data slated for today. SOURCE FXVIEW FB: [URL="http://www.facebook.com/fxviewdotcom/posts/235553367987037"]www.facebook.com/fxviewdotcom/posts/235553367987037[/URL] [/QUOTE]
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