On Friday, EUR/USD had another lacklustre trading session. There was again little news to guide trading. Risky assets tried a comeback after the losses earlier last week, but the momentum was not strong enough to inspire sustained EUR/USD gains. Intraday, EUR/USD changed hands in the 1.3070/75 area at the open of European markets. European equities started a gradual corrective rebound. In lacklustre trading, EUR/USD drifted cautiously higher in lockstep. Positive spillover effects from the likes of EUR/JPY probably supported the headline pair, too. Early in US dealings EUR/USD jumped higher on headlines from German Fin Min Schaeuble saying that the ECB should reduce liquidity in the EMU.
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