EUR/USD Climbs to Two-Week High near 1.0840 Despite USD Recovery

Tuesday, 20 February 2024, 19:17
EUR/USD rallied above 1.0800 on Tuesday, reaching a two-week high near 1.0840 as the US Dollar weakened before recovering slightly. Despite the recovery, the pair maintained its bullish momentum, with investors eagerly anticipating the release of the Fed's Meeting Minutes later in the week.
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EUR/USD Climbs to Two-Week High near 1.0840 Despite USD Recovery

EUR/USD Extends Rally

EUR/USD climbed to a two-week high just shy of 1.0840 on Tuesday after the US Dollar (USD) broadly fell before recovering in the US trading session after American markets returned to the fold following an extended weekend.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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