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Jul 06 - 08:55 PM

EUR/USD - Declines Towards Parity As High Energy Costs Bite

By Krishna K  —  Jul 06 - 07:15 PM
  • EUR/USD downtrend continues to gain momentum with a further 0.85% drop Wed

  • Tumbles to a new two-decade low as rising energy prices accentuate weakness

  • Worsening gas crisis in Europe, ECB-Fed policy divergence weigh nS8N2W3080

  • Fed June meeting minutes reflect hawkish stance, taken in stridenL1N2YN1SA

  • ECB June policy meeting minutes due Thursday; U.S. jobs data Thursday

  • Next support 1.0072, 76.4% of 2001-2008 rally; resistance 1.0230-40, 1.0280

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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