The Euro has eased somewhat after hitting a 1-month high versus the Dollar earlier on Friday, retracing some gains as US stocks move back from highs, although they hold in positive territory in a quiet afternoon.
EUR/USD peaked at 1.3893 at the beginning of the New York session, but couldn't sustain momentum and pulled back toward the 1.3845 zone where it is trading at time of writing, still up 0.51% on the day.
Euro's gains have been supported by optimism amid hopes surrounding the G20 meeting in Paris and strong US retail sales data, which allowed EUR/USD to reach a 1-month peak.
Courtesy - www.fxstreet.com
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