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Euro sink to a fresh two-month low

The euro is at a new session low, down 83 pips to 1.0651. The pair had attempted to find support at the early-European low of 1.0660 and bounced from there but the selling resumed in the last 20 minutes.Month-end flows have been a factor this week but the economic data largely tells the story.Today's German CPI reading for May was 6.1% y/y compared to 6.5% expected. In the US, JOLTS job openings unexpectedly rose to 10.1m versus 9.38m expected. There is considerably more labor slack in Europe co... Read More

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Euro

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Posted: May 31 2023, 15:24

Author Name: forexlive

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