Euro Slips Against Dollar as Strong US PMI Supports Greenback
The euro gave up early gains against the US dollar on Friday after strong US PMI data bolstered the greenback, while geopolitical tensions and hawkish Fed expectations keep the dollar near recent highs.
EURUSD
EUR/USD pared its earlier gains on Friday as stronger-than-expected US PMI data lent support to the US dollar. The widening conflict in the Middle East and the Federal Reserve's hawkish stance continue to underpin the greenback, keeping it elevated against major currencies.
Traders are now watching for further economic data and central bank commentary to gauge the next directional move for the pair.
Source: FXStreet Forex News