EUR-USD is moderately higher on the day, with above-forecast German Ifo survey data and a rise in Bund yields providing the euro with some buoyancy. EUR-USD has posted an intraday high at 1.1324, which is above 30 pips up on Friday’s closing levels. This put in some distance from the two-week low that was seen on Friday at 1.1273, itself the culmination of a sharp two-day fall from a six-week high that was seen last Wednesday at 1.1448. USD-JPY recovered above 110.0 has sentiment improved during the Europe AM session.
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