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Breaking: EUR/USD breaks above 1.19 amid market optimism

EUR/USD completes a 200-pip bounce and tops the 1.19 level, hitting the highest since March 23. The world’s most currency pair has been benefitting from various factors.  

The EU has upgraded its vaccination schedule forecast and now projects that immunization will reach the majority of the population by late June. The old continent’s sluggish inoculation campaign previously weighed on the common currency.

 

More to come

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