Euro: Recovery against US Dollar supported by data – BBH
• The Euro (EUR/USD) is showing signs of recovery but remains below the 1.1700 level as of Tuesday. • Support for the currency comes from positive economic indicators, including Germany’s IFO survey reaching a one-year high and improvements in Eurozone PMI and ZEW data. • The US Dollar continues to benefit from a cautious market sentiment driven by ongoing geopolitical tensions in the Middle East.
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