EUR/USD holds lower ground near intraday low after snapping a three-day run-up during early Wednesday.
That said, the currency-major pair drops 0.15% on a day surrounding 1.1730 heading into the European session. The covid woes and fading vaccine optimism, as well as cautious mood ahead of the Jackson Hole Symposium event, underpin the US dollar’s safe-haven demand.
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With this, the US Dollar Index (DXY) rises 0.17% daily to take a U-turn from the weekly low, not to forget marking the first positive day in the last four. In doing so, the greenback gauge follows the US 10-year Treasury yields, as the bond coupon stays firmer around 1.30% after rising the most in two weeks the previous day. Continue reading With FX Street...