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Peace talks benefit the Euro

Peace talks benefit the Euro

GBP/USD pressure seems to have eased off in the European trading hours on Tuesday with the pair holding near 1.3100. The dollar is struggling to preserve its strength amid a positive shift witnessed in risk perception.

EUR/USD has regained its traction in the early European session and recovered toward 1.0900. A modest improvement in market mood seems to be helping the shared currency find demand. The EU is reportedly considering massive joint bond sales to fund energy end defence spending. 

EUR/GBP is correcting as the start of the week’s volatility settles down in mid-morning FX. The price started the day heavily offered, sinking from a high of 1.2110 and crash landing to a low of 1.2120. This is marking the lowest level since June 2016. 

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