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Maroc Maroc - FINANCIALMIRROR.COM - A La Une - 24/Jan 19:04

EUR-USD climbs as bullish momentum strengthens

The EURUSD pair ended the week on a bullish note, climbing 0.66% to settle at 1.0485 on Friday in a move that signals a continuation of its recovery, following recent consolidation within a relatively narrow trading range. The Euro-dollar pair’s ability to maintain upward pressure highlights growing buyer confidence as it approaches key resistance levels. The Euro has rallied amid prospect of softer trade tariffs from US President Donald Trump and a ‘buoyant’ Eurozone Preliminary Manufacturing PMI that improved to 46.1 in January from the 45.3 expected by traders. The USDCAD fell sharply to 1.4320 in Friday’s North American session.

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