2024-11-08 22:16
IndustryEUR/USD falls back as US Dollar rebounds
EUR/USD faces selling pressure near the key resistance of 1.0800 in North American trading hours on Friday. The major currency pair fails to extend Thursday’s recovery as the US Dollar (USD) resumes its upside journey after a sharp correction.
The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, bounces back to nearly 104.65. The index had retraced to nearly 104.20 on Thursday following the more than four-month high of 105.50 registered after Donald Trump won the presidential election in the United States (US).
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EUR/USD falls back as US Dollar rebounds
| 2024-11-08 22:16EUR/USD faces selling pressure near the key resistance of 1.0800 in North American trading hours on Friday. The major currency pair fails to extend Thursday’s recovery as the US Dollar (USD) resumes its upside journey after a sharp correction.
The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, bounces back to nearly 104.65. The index had retraced to nearly 104.20 on Thursday following the more than four-month high of 105.50 registered after Donald Trump won the presidential election in the United States (US).
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