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21 Apr 2015
EUR/USD jumps above 1.0750
FXStreet (Córdoba) - EUR/USD bounced sharply from session lows and rose nearly 80 pips in a matter of minutes without a clear catalyst other than a bout of USD selling interest across the board.
EUR/USD pierced the 1.0700/10 area and reached a fresh daily high of 1.0765, leaving behind its Asian session peak of 1.0751 as the greenback surrenders gains across the board. At time of writing, EUR/USD is trading at 1.0760, 0.18% higher on the day.
Despite lingering Greek debt concerns, the dollar is having a hard time sustaining gains versus the euro. A a dash of optimism is helping the shared currency on Tuesday after a senior Eurozone official said that the only deadline for Greece is the end of June. Meanwhile, Dijsselbloem was cited saying an agreement by the end of the month was still possible.
EUR/USD pierced the 1.0700/10 area and reached a fresh daily high of 1.0765, leaving behind its Asian session peak of 1.0751 as the greenback surrenders gains across the board. At time of writing, EUR/USD is trading at 1.0760, 0.18% higher on the day.
Despite lingering Greek debt concerns, the dollar is having a hard time sustaining gains versus the euro. A a dash of optimism is helping the shared currency on Tuesday after a senior Eurozone official said that the only deadline for Greece is the end of June. Meanwhile, Dijsselbloem was cited saying an agreement by the end of the month was still possible.