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EURUSD trades to highest level in a month

The EURUSD is trading to a new high after breaking above the swing area between 1.06087 and 1.0616 area. The run to the upside has also extended above a swing area up to 1.0639 and is now looking to test the 61.8% retracement of the move down from the September 12 high at 1.06464.Helping the dollar slide is yields moving lower. The 10-year yield is now down at 4.865% -5.9 basis points. The 30-year is down -7.4 basis points just above the 5% level at 5.0142%. The 2-year yield is now negative as w... Read More

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Posted: Oct 23 2023, 15:56

Author Name: forexlive

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