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Greenback giving back some gains - FXStreet

FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet explained that the dollar edged lower against most rivals on Monday, with the mild bearish tone of the American currency seen early Europe, fuelled by slipping US indexes.

Key Quotes:

“Both DJIA and the S&P traded in red for most of the day, closing pretty much unchanged”.

“After a long and painful advance, the EUR/USD jumped above pre NFP levels, reaching 1.2651 so far on the day, as stop got triggered in quite thin market conditions”.

“Despite it may be a bit too early, the bounce from 1.2500, if holds, can lead to further upward corrections, particularly if the pair regains the 1.2700 level over the upcoming sessions”.

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