ForexLive US Wrap: EUR/USD Brushes 1.3500
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After waffling for much of the European session, EUR/USD became directional in US trade and spent the afternoon trying to overcome options-related selling ahead of 1.3500 barriers. Prices reached 1.3498 before stalling but dips proved shallow.
Equities traded firmly, underpinned by the Case-Shiller data, with the Dow and S&P near 2007 highs. Money continues to rotate out of safe havens and into riskier asset classes. This has pushed US 10-year note yields back to 2%, a boost for USD/JPY.
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