The Euro retreats from a six-week high against the US Dollar amid a recovery in the Greenback driven by short-covering.
EUR/USD slipped below 1.1500 on Friday, trading at 1.1488 after retreating from a six-week peak of 1.1537. The move follows a rebound in the US Dollar as traders cover short positions after Thursday’s sharp sell-off.
The pair had climbed to its highest level since late June before profit-taking and Dollar strength reversed the trend. Market focus remains on US economic data and Federal Reserve policy signals, which could influence further currency movements.
No immediate market reaction was specified beyond the price shift.