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EUR/USD Outlook Tilted to the Downside in Week Ahead
Growing optimism about an EU economic recovery has lifted EUR/USD in recent days, reducing the losses suffered since the start of this year. For some analysts, the advance suggests that a new trend higher is now in place. There are, however, grounds for caution. First, the economic recovery is based on optimism that the EU’s Covid-19 vaccination program has now picked up after a slow start. Note, though, that many EU citizens are still wary of the AstraZeneca/Oxford vaccine even though the European Medicines Agency said last week that “the overall benefits of the vaccine in preventing COVID-19 outweigh the risks ... (full story)