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May, 13 - EUR/USD trades without direction around 1.0850

The single currency is navigating almost unchanged vs. the greenback on Wednesday,

eurusd13052020motivating EUR/USD to extend the consolidative theme in the mid-1.0800s. EUR/USD is prolonging the side-lined mood in the 1.0850 region in the middle of the week, always against the backdrop of the generalized rangebound theme in the global markets.

In the meantime, investors keep monitoring the gradual return to some sort of normality in several European economies, while closely watching the pick-up of infected cases of the coronavirus in China, South Korea, and Germany. Later in the euro docket, Industrial Production in the broader Euroland will be the only release of note. Across the pond, March’s Production Prices, the testimony by Fed’s J.Powell, and the usual weekly report by the EIA will be in the limelight.

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