The EUR/USD pair is ending the week in the 1.0220 price zone, extending the recovery from the multi-year low of 0.9951, hit in mid-July. The pair got to bounce on Friday, although the advance had little to do with the shared currency, but more with the outstanding Wall Street’s weekly performance and falling US government bond yields taking their toll on the greenback. US stocks were backed by better-than-anticipated earnings reports alongside hopes the Federal Reserve will refrain from tightening monetary policy at a faster-than-anticipated pace.
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