EUR/USD’s upward bias will probably stay intact as long as EUR/USD holds above the 55-day exponential moving average, UOB said, adding it was premature to expect EUR/USD to retest 1.1573.

The dollar fell to a two-week low on the back of mounting concerns over spiraling U.S. government debt.

Yesterday the manufacturing PMI was excellent and the dollar fell anyway. The ECB is firmly expected to cut interest rates ...