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via fxstreet.comMarkets

Euro recovers from 17-month low as the dollar weakens

FROM THE WIRE · FXSTREET.COM

The Euro's rebound from its 17-month low came from the Dollar side, because the euro area's own news on Thursday was bad. EUR/USD climbed to just short of 1.1250, its highest since October 9, and hasn't been back there since, dipping just under 1.1200 on the US releases and…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishEUR/USD is a key reference rate, and the rebound mainly reflects dollar weakness.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The euro rebounded from a 17-month low, driven by the dollar.
  2. 02EUR/USD climbed just short of 1.1250, its highest since October 9.
  3. 03It dipped briefly below 1.1200 on US releases before recovering.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
EUR/USDEURUSDFX pair1.1218+0.04%today -0.03%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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