fxstreet.com 09 Feb, 2021 12:00 am

Trump distraction could push euro even higher (temporarily)

Trump distraction could push euro even higher (temporarily)
Distraction can be a good thing – at least for the euro. Markets are awash with cash, and as funds have flown into bonds once again – without leaving

The political focus is set to shift from stimulus to the start of former President Donald Trump's impeachment trial for inciting the insurrection on Capitol Hill in early January.2130, which provided support in early January.Markets are awash with cash, and as funds have flown into bonds once again – without leaving stocks – the drop in US yields has been weighing on the dollar.A drop in yields would be adverse for the dollar.

2150, where the 200 SMA hits the price.2090, where the 100 SMA hits the price, followed by 1.

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