The dollar pulled back a little after posting fresh highs. This saw EUR-USD lift back above 1.1700 after earlier posting fell to an eight-week low at 1.1673. A strong rebound in global stock markets is putting pressure back on the dollar and giving EUR-USD buoyancy, although with the ECB having engaged in a form of verbal intervention and with many European nations implementing the tightest restrictions since the March-April lockdowns amid a surge in positive coronavirus test results across the region, upside potential for EUR-USD may be limited.
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