The Euro (EUR) jumped another notch higher, testing the 1.3700 level before easing slightly. German CPI was as expected 0.7% y/y in April. Further gains in the Euro can not be ruled out as the improved confidence in world markets extends the equity rebound.
“Overall the EUR/USD traded with a low of 1.3563 and a high of 1.3709 before closing at 1.3650,”
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