EUR/USD maintains position around 1.1800, near four-year highs
EUR/USD halts its winning streak that began on June 18, trading around 1.1800 during the Asian hours on Wednesday. The pair inches lower after marking 1.1830, the highest since September 2021, recorded on Tuesday, which could be attributed to the slight gains in the US Dollar (USD).
The US Dollar Index (DXY), which measures the value of the US Dollar against six major currencies, is halting its losing streak that began on June 19 and is trading around 96.70 at the time of writing. The Greenback gains ground as the latest data indicated that economic activity in the United States (US) manufacturing sector improved in June.
US ISM Manufacturing PMI advanced to 49.0 from 48.5 in May, coming in above experts' expectations of 48.8. Moreover, US JOLTS Job Openings rose to 7.76 million in May, compared to 7.395 million openings reported in April. This figure came in above the market expectation of 7.3 million. Traders will likely observe the US ADP Employment Change report for June later in the day.
Source: FXstreet