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EUR/USD rises to 1.1450 amid hopes for a breakthrough in the EU Summit
EUR/USD is trading around 1.1450, higher. EU leaders may be closer to agreeing on the recovery fund which could include €390 billion in grants. Talks continue for the fourth day. Global coronavirus cases continue rising.
While the currency pair is at the highest levels in three months, the Relati
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Gold..
The yellow metal is up 20% ytd. It is trading near the 9 year high of $1,820 reached on Monday. This could be attributed to record monetary and fiscal stimulus lifelines by major banks and governments. Citigroup and Goldman Sachs are expecting gold to reach a high of $1,911 over the next 12 months.
