Weekly roundup: Euro struggles despite upwardly ...
Although the fourth quarter German GDP saw a surprise upward revision, the euro failed to gain any major boost.
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Although the fourth quarter German GDP saw a surprise upward revision, the euro failed to gain any major boost.
The US dollar mounted a convincing comeback on Friday as investors favoured the safe-haven currency amid a souring of market sentiment.
The euro was catapulted higher on Thursday thanks to robust economic sentiment and the weakness of the US dollar.
The US dollar mounted a recovery on Wednesday, triggered by a sharp uptick in US Treasury yields.
The pound remained buoyant on Tuesday but struggled to find meaningful gains on the back of some mixed employment figures.
The pound opened this week’s session on the front foot as the UK government published its plan on how it will ease lockdown measures in England.
The euro weakened towards the end of last week’s session as the ECB opted to maintain a dovish outlook in its latest set of meeting minutes.
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