Euro on track for second weekly profit
Economies.com
2020-11-27 07:38AM UTC
EUR/USD rose on Friday after a hiatus from gains yesterday on profit-taking away from 12-week highs, and on track for the second weekly profit in a row as risk appetite surges worldwide.
EUR/USD rose 0.2% to 1.1930, after closing down 0.1% yesterday, the first loss in three days away from 12-week highs at 1.1941.
Euro is up 0.6% so far this week against dollar on track for the second weekly profit.
The gains came sentiment improved in the markets, hurting haven demand on the greenback.
The strong sentiment came as Covic vaccine trial results continued to prove over 90% effective across the board.
US political tensions faded as well with the official transition process starting for President Elect Joe Biden.
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