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May 17 - 07:55 AM

EUR/USD - Set For A Fifth Straight Weekly Gain

By Peter Stoneham  —  May 17 - 06:00 AM
  • Bearish close Thursday and weakness in early Europe Friday

  • Still set for a fifth straight weekly gain

  • Close above the weekly cloud could be significant: top at 1.0801

  • Subdued risk appetite lending the USD support

  • ECB's Isabel Schnabel calls for caution towards rate cuts beyond June

  • Germany's econ grew more than expected in Q1 and inv moral at a 2-year high

  • Cooling U.S. inflation and a softer econ raised the prospect of rate cuts

  • Option sellers/hedgers help define EUR/USD range by 1.0850 nL1N3HK0J3

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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