EUR-USD remains heavy, logging a fresh low of 1.0959 in classically bearish price action, with this being the fifth new daily low over the last six trading days. The down-leg has reflected both a degree of euro underperformance and of dollar outperformance, the latter being notably perkier in the wake of an unexpected rise in U.S. April core CPI on Friday, with Fed chair Yellen subsequently saying that a rate hike "this year" would be appropriate if the economy continues to improve.
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