EUR/USD: Despite scaling past the 1.1300 handle earlier in the day, the pair is trading mostly flat, having declined below mid-1.12 handle on broad-based risk aversion. USD’s prevalent weakness helps keep the common currency from suffering a sharp decline. At the same time, traders await ECB stimulus measures update, ECB Lagarde speech, and US PPI data for short term profit opportunity. In case of favorable stimulus measures from ECB, Euro is likely to scale the 1.1300 handle once again.
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