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EUR/USD extends gains on weak USD

FXStreet (Córdoba) - EUR/USD pulled back to 1.2480, rebound to the upside and broke above previous highs, climbing to 1.2516, the highest level since last Friday. The pair was holding above 1.2500 supported by a weak US dollar.

Greenback retreated across the board recently as another round of US economic data came below expectations. Pending home sales in october dropped 1.1%, analysts expected an increase of 0.5%. The Reuter’s / University of Michigan consumer sentiment index for november fell from a preliminary reading of 89.4 to 88.8; despite the decline it was the highest since July 2007 and represented an increase from last month, that came in at 86.9.

EUR/USD continues to recover

After falling at the beginning of the week to test 2014 low during Monday’s Asian session the pair turned to the upside, and since then it has been moving with a bullish bias. Yesterday finished higher despite better-than-expected US data and today Greenback is falling versus European currencies.

USD/CHF falls toward 0.9600

As it was the case yesterday, USD/CHF started the day moving higher but changed course at mid-European session and stretched to fresh daily lows following disappointing US data.
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After consolidation phase, the GBP/USD attacks 1.5800 again

The British Pound seems ready to make another attempt to break the 1.5800 level against the dollar since the GBP/USD bounced off 1.5760 to test this level after poor US economic data.
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