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Posted by
Two Blokes May 22 -
Filed in
Forex
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14 views
EUR/USD caught a bid on Wednesday, breaking through the 1.1300 technical barrier and climbing for a third straight session after market sentiment turned away from the US Dollar following a pummeling of US Treasury markets. Treasury yields rose and demand for 20-year Treasury bonds fell in a mid-session bond auction, prompting a general pullout from US assets, including the Greenback, which is generally considered a safe haven.
