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EUR/USD edges higher toward 1.0500 after EU data
EUR/USD picks up fresh bids and heads closer to 1.0500 in the European session on Friday. The pair shrugs off a broadly strong US Dollar amid upbeat Eurozone Industrial Production data. The upside, however, appears capped due to dovergent Fed-ECB policy expectations.
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Equity markets are charging to new record highs, with the S&P 500 up 28% year-to-date and the NASDAQ Composite crossing the key 20,000 mark, up 34% this year. The rally is underpinned by a potent mix of drivers.
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