Currency Devaluation — News Archive

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Euro Falls Then Rallies as US Dollar Tanks on Trade Tensions

The euro today fell to new daily lows against the US dollar early in the European session in a knee-jerk move that was likely driven by algorithmic trading. The EUR/USD currency pair later rose from its lows as the single currency rallied against the greenback, which remained on the back foot due to the devalued yuan.

Euro Rallies Amid US Dollar Sell-Off Driven by Rising Trade Tensions

The euro today rallied higher against the US dollar as investors fled the greenback and US equity markets in favour of riskier assets such as the single currency. The EUR/USD currency pair today rallied above the crucial 1.1200 level as investors piled into the currency given the US dollar’s crash in the face of rising trade tensions.

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