BREAKING: US dollar weakens sharply

In the last 2 hours we have observed a surprising upward movement of the EURUSD pair. It could probably be related to end-of-month, quarter-end and, of course, year-end flows. The move is quite a surprise considering the low volume, although it is worth noting that the information for the dollar is mixed. On the one hand, bond yields moved higher, which should be positive for the dollar. On the other hand, we have a record number of coronavirus cases in the world and in the USA, which may cause some concerns regarding the introduction of at least partial restrictions. Earlier, slightly weaker data on the real estate market were published.

EURUSD pair rebounded strongly during the second part of the session and is currently testing the supply zone, which has not been broken for a month. Source: xStation5

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Forex

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BREAKING: US dollar weakens sharply

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