The EURUSD price gave itself a resilient account for the new year's opening. Market appetite for the dollar and the results of key economic numbers due from the US and Eurozone will be key to seeing if the rebound attempt continues over the coming days.
Enter your emailThe EUR/USD price gave itself a resilient account for the new year's opening. Market appetite for the dollar and the results of key economic numbers due from the US and Eurozone will be key to seeing if the rebound attempt continues over the coming days.
Friday's rally surprised many in the market, but it happened when the US currency beat the profit-taking that pushed it lower against all major currencies. It is likely to be key to whether a rebound can extend the euro against the dollar. Many analysts maintain a bearish view of the euro itself and bullish views of the dollar due to the large gap between their expectations for interest rates at the European Central Bank and the Federal Reserve .
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