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EUR/USD stays negative with the virus situation worsening – OCBC

Eurozone coronavirus cases are on the rise, prompting additional restrictions across the old continent while US fiscal stimulus talks are going nowhere fast. The EUR/USD pair reflects these developments as seems to have mark a top at 1.1830. Terence Wu, FX Strategists at OCBC Bank, sees the world’s most popular currency pair heading towards 1.17.

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