{"id":154339,"date":"2019-08-28T07:20:50","date_gmt":"2019-08-28T11:20:50","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=154339"},"modified":"2019-08-28T05:48:45","modified_gmt":"2019-08-28T09:48:45","slug":"eurusd-euro-gains-a-foothold-at-the-67th-degree","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/08\/eurusd-euro-gains-a-foothold-at-the-67th-degree\/","title":{"rendered":"EURUSD: euro gains a foothold at the 67th degree"},"content":{"rendered":"
August 28, 2019<\/div>
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By Alpari.com<\/a><\/strong><\/p>\n

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On Tuesday the 27th<\/sup> of August, trading on the euro closed slightly down. Initial growth was snuffed out by the trend line at 1.1116. In the US session, the EURUSD pair slid to the 67th<\/sup> degree at 1.1085.<\/p>\n

The single currency came under pressure via the EURGBP pair, which dropped from 0.9095 to 0.9016 on the back of a rising pound. Leader of the UK\u2019s opposition Labour Party Jeremy Corbyn has said the he will do everything he can to prevent the UK leaving the EU without a deal. The opposition parties have made a pact to use any legal means necessary to prevent a no-deal Brexit on the 31st<\/sup> of October.<\/p>\n

The pound was the only major to make gains against the dollar. Most currencies have lost ground against the dollar amid a retreat towards the safe havens by investors, who are skeptical of Donald Trump\u2019s optimistic suggestion that a trade deal could be reached by September. Trump said on Monday that he received a call from China asking him to return to the negotiating table. China\u2019s foreign ministry has denied making any such calls.<\/p>\n

Day\u2019s news (GMT+3):<\/em><\/strong><\/p>\n