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FOREIGN EXCHANGE

EUR/USD inches back closer to YTD tops, steady above mid-1.2200s

EUR/USD inches back closer to YTD tops, steady above mid-1.2200s

EUR/USD edged higher through the mid-European session amid sustained USD selling. The prevalent risk-on mood was seen as a key factor weighing on the safe-haven USD. Some follow-through buying beyond YTD tops should set the stage for additional gains. The EUR/USD pair maintained its bid tone through the mid-European session and shot to over...

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