21 October 2020, 18:00 EUR/USD pair extends its weekly advance to 1.1870
The EUR/USD pair has extended its weekly advance to 1.1870 this Wednesday, amid persistent dollar’s weakness, and could regain the 1.1900 threshold.
Talks about a US stimulus aid package provided support to the high-yielding EUR, as US Treasury Secretary Steven Mnuchin and House Leader Nancy Pelosi reported progress in trade talks, and said they would continue negotiations this Wednesday. A break through 1.1870 should see the EUR/USD pair regaining the 1.19 threshold during the upcoming sessions.
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