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market reports

02.03.2023 Market Report

EUR/USD The EUR/USD pair is on the verge of delivering a sheer downside move as it is looking vulnerable below the critical support of 1.0660. The downside bias in the major currency pair is backed by soaring US Treasury yields. GBP/USD GBP/USD bears attack the 1.2000 psychological magnet during a three-day downtrend amid fresh challenges for the Brexit deal and a rally in the US Treasury bond yields. However, the market’s lack of action heading into Thursday’s London open appears to restrict the Cable pair’s