EUR/USD is back to the bottom of figure 10 due to higher demand for safe-haven assets and the strength of the US economy
While investors can’t decide whether they should exit euro shorts or it is too early to sell the dollar, the EUR/USD pair is trading in the consolidation range of 1.0995-1.1095. The conflict in Saudi Arabia may be more serious than oil bears now believe, and the idea of the US-China trade conflict de-escalation promoted by the media may not meet the reality. The increase in the demand for safe havens supports the greenback, especially since the concerns…
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