Forex Stories: EU vs Germany

Currency exchange rate board of multiple currencies

Overnight, the U.S. dollar strengthened against other major currencies. The ICE U.S. Dollar Index regained the key 100 level as it jumped 1.1% to 100.23.

EUR/USD dropped 0.3% to 1.0806. European Commission President Ursula von der Leyen threatened legal actions against Germany concerning a German constitutional court's ruling over the European Central Bank's bond-purchase practices.
Chart tracking EUR to USD by FOREX.com

Source: GAIN Capital, TradingView


GBP/USD fell 0.6% to 1.2331. U.K. Prime Minister Boris Johnson unveiled a "conditional plan" to reopen society. People who could not work from home could return to the workplace. Some hospitality businesses could reopen on July 1 the soonest.

USD/JPY jumped 1.0% to 107.63 extending its rally to a third session.

Commodity-related currencies also weakened against the dollar. USD/CAD rebound 0.6% to 1.4006, and AUD/USD lost 0.7% to 0.6489.
 
 
Related tags: Dollar Forex EUR

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