Greenback holds on to gains but moves off highs, DXY up 0.60%. EUR/USD rebounds to 1.0920 and back above the 20-day moving average. Germany to begin reopening its economy on Monday, Merkel says. The EUR/USD pair erased half of the daily losses and is back above 1.0900. Earlier on Wednesday, it bottomed at 1.0855, the lowest level since April 9. It is trading at 1.0921, at session highs. The move off lows took place amid a retreat of the greenback across the board. The US dollar is still holding on to gains, after many days of consecutive losses. The DXY is 0.65%, hovering around 99.50, after trading slightly below 100.00 hours ago. The decline in US yields did not curb USD strength. The 10-year yield fell to 0.62%, the lowest since April 6. In Wall Street, main indexes are falling around 2%. The return of risk aversion boosted the greenback across the board. Economic data from the US came in worst than expected, but market participants ignored it. The US dollar continues to be the key driver. The euro is rising against emerging market and commodity currencies but versus the Swiss franc is it trading at the lowest since March 23 and near the multi-year set last month at 1.0520. EUR/USD Levels FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/JPY Price Analysis: Euro under pressure vs. Japanse yen, nearing 117.00 figure FX Street 2 years Greenback holds on to gains but moves off highs, DXY up 0.60%. EUR/USD rebounds to 1.0920 and back above the 20-day moving average. Germany to begin reopening its economy on Monday, Merkel says. The EUR/USD pair erased half of the daily losses and is back above 1.0900. Earlier on Wednesday, it bottomed at 1.0855, the lowest level since April 9. It is trading at 1.0921, at session highs. The move off lows took place amid a retreat of the greenback across the board. The US dollar is still holding on to gains, after many days of consecutive losses. The DXY… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
