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EUR/USD in highs near 1.0850

FXStreet (Edinburgh) - The shared currency remains on a firm footing on Friday, with EUR/USD approaching the mid-1.08s, or daily highs.

EUR/USD stronger on data, USD

The offered tone around the greenback remains intact on Friday, adding further support to the current upside in spot. In the same direction, consumer prices in the euro area matched the flash prints for the month of March, contracting 0.1% YoY and advancing 1.1% inter-month.

Next on tap for the pair will be the inflation figures in the US economy gauged by the Consumer Price Index, expected to come in flat on a yearly basis in March and to gain 0.2% MoM.

EUR/USD key levels

The pair is now advancing 0.70% at 1.0838 with the next resistance at 1.0842 (high Apr.17) followed by 1.0887 (high Apr.8) and then 1.0947 (high Apr.7). On the flip side, a break below 1.0613 (100-h MA) would open the door to 1.0571 (low Apr.15) and finally 1.0532 (low Apr.14).

AUD/USD breaks above 0.7820 and trades at April's high

The AUD/USD is trading at highs since March 26 after extending its rebound from 0.7770 and breaking above a previous high of 0.7820.
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Another record low for German 10-year bond yield

The 10-year yield in Germany fell to a fresh record low of 0.068% on Friday as the safe haven Bunds continue to attract safe haven flows on an increasing threat of Greek default.
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