EUR/USD STAYS FIRM, SHY OF 1.0700 AMID STRONG US DOLLAR AND ELEVATED US YIELDS
- EUR/USD maintains a position slightly above 1.0700, with minimal change despite a strong recovery in the US Dollar.
- US Treasury yields increase after significant durable goods data and a major five-year note sale, impacting market sentiment.
- Upcoming US GDP and Core PCE data, along with German consumer confidence figures, are next on the economic calendar.
The Euro is steady against the US Dollar, virtually unchanged after solid data from the United States (US) boosted the Greenback, which recovered from Tuesday's losses. However, the EUR/USD stands below the 1.0700 threshold posting minimal gains of 0.01%.
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