Forex: EUR/USD Rally Shirks Risk and Clears 1.3000, RBA on Tap
Risk trends wavered to start the week, but that wouldn't dissuade EURUSD. Despite a US session drop in equities and the first chance to respond to Friday's ESM downgrade, the benchmark pair charged higher for a fourth consecutive day - easily clearing 1.3000 along the way. Fundamentals are at play here, but are the headlines supportive enough to keep this pair moving in the absence of (or contradictory to) risk trends? We discuss reasonable expectations for market trends against an active docket as well as the RBA rate decision in today's video.
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.