EUR/USD clings to gains, challenges 1.1000 post-IFO By pabspiovano EURUSD Currencies Majors
The German IFO Business Climate dropped to 90.8 in March.faltered just ahead of the 1.1040 level and sparked a subsequent corrective drop to the 1.1000 neighbourhood on Friday.Despite the retracement from daily peaks, EUR/USD kept the bid bias unchanged at the end of the week against the backdrop of the correction in the US dollar and the generalized better tone in the risk-linked galaxy.
Later in the NA session, the final March U-Mich gauge is due along with Pending Home Sales and speeches by FOMC’s Williams, Barkin and Waller.EUR/USD retakes the 1.1000 mark and advances further north in tandem with the better mood among market participants.
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