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EUR/USD fades the spike to 1.3570

FXstreet.com (Edinburgh) – The bloc currency is now losing some upside momentum, with the EUR/USD retreating from recent weekly highs beyond 1.3570 on Tuesday.

EUR/USD firmer on Coeure’s comments

The pair gained steam after mixed comments by ECB’s Coeure, discarding the possibility of disinflationary pressures to extend further in the euro area, while at the same time he did not rule out the adoption of negative deposit rates, considering it one more tool in the ECB’s arsenal. According to Tim Riddell, Head of Global Markets Research at ANZ, “The faltering or rebounds around 1.3560 and the overlapping nature of the …read more