The Euro eases on Tuesday, deflated by firmer dollar and disappointing data, as the inflation in the European Union hit new record high in May and oil prices continue to rise, weakening bloc’s growth outlook. Two-week recovery rally from new five-year low at 1.0349, failed to clear important barrier at 1.0767 (50% retracement of 1.1184/1.0349 […]
The post EUR/USD: Recovery Runs Out of Steam as Downbeat EU Inflation Data Darkens Economic Growth Outlook appeared first on Action Forex.
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