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Editors’ Picks
EUR/USD rebounds above 1.0800 as US Dollar weakens
EUR/USD has gathered recovery momentum and climbed above 1.0820 after having dropped below 1.0800 earlier in the day. Following the upbeat Consumer Confidence data from the US, the US Dollar came under renewed selling pressure and helped the pair gain traction.
GBP/USD erases daily losses, trades above 1.2200
After having declined toward 1.2150, GBP/USD reversed its direction and rose above 1.2200. The US Dollar is having a difficult time preserving its recovery momentum after the UoM data showed a further decline in one-year inflation expectations in early January.
