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EUR/USD extends recovery above 1.2600

FXStreet (Córdoba) - The euro rose further during the American session against Greenback and hit a fresh daily high at 1.2650. Near the end of trading in New York EUR/USD trades near daily highs, consolidating important gains.

The pair is rising more than a hundred pips and is back above the level it had on Friday before the release of the US employment report. From today’s opening price is up 0.95%, having the best performance since March. As Greenback retreats across the board, the euro is the best among european currencies.

On Friday EUR/USD plummeted and bottomed at 1.2499, the lowest price in 2 years and on Monday is rallying considerable after testing on Asian hours the 1.2500 area.

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