Euro slips, dollar edges higher in see-saw trading

euro slips dollar edges higher in see saw trading

Sumary of Euro slips, dollar edges higher in see-saw trading:

  • The euro, on the other hand, was firmer earlier in the day after the European Central Bank met Story continues below This has not loaded yet, but your article continues below.
  • The ECB’s dovish pivot – which follows its recently released strategy review – at a time when many peers Story continues below This has not loaded yet, but your article continues below.
  • Article content are mulling exiting pandemic-era stimulus is expected to keep the single European currency under pressure.
  • “These numbers provide more evidence of deceleration,” said Karl Schamotta, chief market strategist at Story continues below This has not loaded yet, but your article continues below.
  • “In continuing to print above expectations, weekly claims are suggesting a loss of momentum in the U.S. labor market – something that could push Federal Reserve tightening plans further into the future and put further pressure on bond yields,” he added.
  • The Aussie dollar was last up 0.2% at US$0.7372. The gains in higher-risk assets come after robust company earnings lifted Wall Street and European bourses, allowing investors to look past concerns that the Delta Covid-19 variant would dampen the economic recovery.
  • Sterling firmed 0.2% to $1.3768, recovering from 5-1/2-month troughs, while in Story continues below This has not loaded yet, but your article continues below.
  • Editing by Bernadette Baum and Mark Heinrich) Share this article in your social network Story continues below This has not loaded yet, but your article continues below.

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