The common currency shot up overnight after EU leaders managed to find common ground on migration. As for today, euro traders are likely to turn their eyes to Eurozone’s preliminary CPI data for June. The yen was the sole loser against the dollar as investors diverted flows out of the safe-haven currency following reports that China decided to ease foreign investment limits. The EU deal also weighed on the yen. USD/JPY traders are now likely to pay attention to the release of the US core PCE index.
EUR Jumps on EU Migration Deal; Eurozone CPIs Under the Microscope
The common currency shot up overnight after EU leaders managed to find common ground on migration, after 10 hours of talks over the matter, which has endangered European unity and resulted in a political standoff in Germany...
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