EUR/USD Forecast: Bullish interest still shy

The EUR/USD pair is up this Monday, reaching an intraday high of 1.1819 as Wall Street soared. The impressive US Nonfarm Payroll report released last Friday boosted hopes for a soon-to-come economic bounce in the US, passing unnoticed on Good Friday. The DJIA and the S&P reached record highs, with the three US major indexes adding over 1.0% each. Meanwhile, US Treasury yields ticked modestly lower, with that on the 10-year note at around 1.70%. The EU macroeconomic calendar had nothing to offer, but the US published the March ISM Services PMI, which surged to an all-time high of 63.7, largely surpassing the 58.5 … (full story)

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