EUR/USD rebounds from 17-month low on Warsh-driven dollar weakness

Bloomberg · 6 hours ago
EUR/USD rebounds from 17-month low on Warsh-driven dollar weakness
  • Comments from Fed Chairman Kevin Warsh weakened the dollar, and the euro advanced 0.3% to $1.1257.
  • The euro ended a five-week run of losses against the dollar and recovered from a 17-month low hit on Wednesday.
  • Options pricing continued to point to euro pressure in the months ahead, so the rebound sits against a weaker medium-term backdrop.