• The euro edges up against the dollar, last up 0.2% at 1.1670, but looking unlikely to break back towards this week's peak of around 1.1721 - Commerzbank

Market news

27 June 2018

The euro edges up against the dollar, last up 0.2% at 1.1670, but looking unlikely to break back towards this week's peak of around 1.1721 - Commerzbank

"The euro edges up against the dollar, last up 0.2% at 1.1670, but looking unlikely to break back towards this week's peak of around 1.1721. U.S. President Donald Trump playing down reports of plans to limit Chinese investment in technology helps ease risk aversion in markets, lending some support to the euro. However, uncertainties remain which will ensure trading in EUR/USD will remain choppy,. It is not easy for the FX market to work out which currency will end up as the possible winner or loser and whether the feared global recession will occur or not,". - Commerzbank

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