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EUR/USD is trading on the defensive below 1.0950 on Monday. The pair is weighed down by the US Dollar recovery and risk aversion, as investors digest US-Sino headlines amid mounting Chinese growth fears. US markets are closed on account of Juneteenth.
EUR/USD News
GBP/USD extends its correction from the recent uptrend to a fresh 14-month high and trades below 1.2800. Broad-based US Dollar recovery combined with a cautious market mood is not allowing the pair to find a foothold. Thin trading is likely to extend in the day ahead.