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Euro backs off after touching 1.1300

High was 1.1299 or 1.1300

EUR/USD has pared back gains to 1.1279 after flirting with the big figure.

At the same time, the US dollar is under some pressure right across the board. The market is getting out of any kind of momentum or crowded trade.

It's the same thing in stocks where the popular names like Amazon and Netflix have been beaten up. Altogether, it's a sing that all the long term money wants to be safe on the sidelines. Even bets against the commodity currencies are being scaled back.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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