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EUR/USD rises back above 1.2400

FXStreet (Córdoba) - EUR/USD bounced from fresh 2014 lows and rose back above 1.2400. The pair was testing daily highs around 1.2440, trading at 1.2425/30, holding some bullish momentum.

The euro managed to recover as the US dollar weakened across the board. After the US employment report, stocks were trading lower in Wall Street and US government bond yields were falling.

EUR/USD still down for the week

Despite rising on Friday after two days of losses, the pair was still headed toward a weekly loss of around 90 pips. If it ends Friday around 1.2430 or below, it would have post the lowest weekly close since at least August 2012.

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