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EURUSD Jumps Above Two Year Highs. Can Bulls Break Above 1.20?
EURUSD jumps to the highest level since May 14, 2018, as the sell-off in USD continues across the board. The U.S. dollar index DXY hit two-year lows at 92.35. Low real yields and the delay in a new stimulus package shifts investors attention away from the safe-haven USD. The risk-on sentiment is across the board as the major Wall Street indices approach record highs, while all the assets denominated in USD enjoy today a strong rally. USA delivered today better than expected economic data after yesterday’s disappointment from N.Y. Empire manufacturing index. The U.S. Housing Starts Change increased to 22.6% in July ... (full story)