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July, 02 - EUR/USD pushes higher and trades closer to 1.1300

The better mood in the shared currency is extending for the second session in a row and is now pushing EUR/USD to challenge weekly tops near 1.13 the figure.

EURUSD02072020EUR/USD is adding to Wednesday’s losses in the vicinity of the 1.1300 marks in the second half of the week, always against the backdrop of the improved sentiment in the risk-associated universe.

In fact, the combination of news that a COVID-19 vaccine could be out soon plus further progress in the re-opening of the economy in Europe has bolstered investors’ preference for riskier assets in the last couple of sessions. The improvement in the risk sentiment comes in spite of fresh coronavirus outbreaks in many countries and the relentless advance in the US.

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