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Forex: EUR/USD hits 7-week high

FXstreet.com (Córdoba) - The euro continued to advance versus the dollar and printed a fresh 7-week high as investors await the release of a string of US data, including the CPI report, housing starts and industrial production.

EUR/USD extended its recovery from the 1.3030 zone and rose beyond last week's peak to hit a marginal new one at 1.3141. At time of writing, EUR/USD is trading at the 1.3130 zone, where it records a 0.7% gain on the day.

As for technical levels, immediate resistance for the cross is seen at 1.3152 (100-day SMA) followed by 1.3161 (Feb 28 high), while on the other hand supports could be found at 1.3080 (100-hour SMA) and 1.3030 (intraday lows/200-hour SMA).

Forex Flash: FX markets perplexed by strength of AUD – UBS

As central banks have anchored inflation expectations to the best of their abilities, most notably the Fed with their introduction of numerical targets and in the backdrop of ongoing stimulus, marginal interest in inflation protection may have been squeezed out. “As a result, this would reduce the impact of having assets in general serve as inflation protection, and the remaining exogenous driver for assets with 'real' properties would be positioning and growth.” notes Research Analyst Gareth Berry at UBS
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Forex: GBP/USD keeps pushing higher

The sterling is inching higher on Tuesday, posting session highs in the area of 1.5320/25 as risk appetite trends continue to swell...
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