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EUR/USD Mid-Session Technical Analysis for January 14, 2020
The Euro is trading lower against the U.S. Dollar on Tuesday as benchmark 10 year government bond yields in the Euro Zone inched down, making the single-currency a less-desirable asset. After rising to near two-week highs on Monday, most 10-year bond yields edged back down in what analysts said was largely position squaring. At 13:26 GMT, the EUR/USD is trading 1.1107, down 0.0027 or -0.25%. In other news, European Central Bank board member Yves Mersch said on Tuesday, economic growth and inflation in the Euro Zone are showing “good signs of stabilization” after a slowdown. The ECB holds its first meeting of the ... (full story)