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Settles Around $1.1750 as Focus Turns to EU Summit

EURO-DOLLAR
MNI (London)

USD gains some poise in late Europe trade, reacting to the pullback in US equities. EUR/USD had pushed to a high of $1.1771 heading into the 1600BST fix before momentum faded with current pullback pressing it back to $1.1746. However, range over the day has been contained within $1.1720/71 with rate settling midway into the US afternoon. EU Summit Thu/Fri could throw up some headlines with traders focussing on Brexit and COVID recovery funding.

MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

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