The Euro (EUR) weakens against the US Dollar (USD) on Friday as short-covering in the Greenback following the previous day’s sharp sell-off pushes EUR/USD back below 1.1500. At the time of writing, the pair trades around 1.1488, easing from the six-week high of 1.1537 touched on Thursday.
Meanwhile, the war in the Middle East and hawkish Federal Reserve (Fed) expectations continue to provide underlying support to the US Dollar. The US Dollar Index (DXY), which tracks the Greenback’s value against a basket of six major currencies, trades around 100.34, up 0.37% on the day.
Despite limited forward guidance from Fed Chair Kevin Warsh at this…
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