EURUSD stays defensive above 0.9900 despite the bearish gap, US inflation eyed – by anilpanchal7 EURUSD Inflation ECB Fed China
, the major currency pair began the week’s trading with a downside gap before taking rounds to 0.9920-25 by the press time.
Reuters cited China National Health Commission as saying during the weekend that China will persevere with its "dynamic-clearing" approach to COVID-19 cases as soon as they emerge, health officials said on Saturday. The news also added that measures must be implemented more precisely and meet the needs of vulnerable people.
It should be noted that expectations of witnessing easy covid controls in China joined mixed US job numbers, Fedspeak and hawkish comments from the European Central Bank officials favored the EURUSD bulls the previous day.
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