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Forex: EUR/USD nears 1.3700 after impressive bounce

After a short-lived dip to the 1.3585 zone, the EUR/USD bounces sharply and managed to break above the 1.3675 area to hit a fresh 14-month high of 1.3696 as investors saw the latest fall as a buying opportunity.

EUR/USD has risen over 100 pips within the last minutes and it is currently quoting at the 1.3685 zone, recording 0.8% daily gain.

Markets are seeing a lot of volatility today in the wake of the US nonfarm payrolls report and a stronger-than-expected ISM PMI, which has left the EUR/USD in a wild ride on Friday and nearing the 1.3700 level.

WTI trading at $97.74/bbl

The near-term price action in crude oil is expected to remain in a consolidative mode between the 97.82 and 98.00 levels, as a pullback from a fresh high at 98.22 found ground at 97.00/96.90 (previous highs and 50% of 95.47/98.22 upleg).
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Forex: USD/CAD in highs around parity

The Canadian dollar is losing ground against the greenback on Friday, currently pushing the cross to the vicinity of the parity level, despite the prevailing risk-on mode...
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