The EUR/USD pair marched north on Wednesday, reaching a two-week high of 1.0879 during European trading hours. The uptick is modest but relevant as the pair seemed comfortable above the 1.0865 threshold, the 38.2% Fibonacci retracement of the latest daily slump. The better tone of Asian and European stock markets after Wall Street’s setback on Tuesday weighed on the American currency ahead of critical macroeconomic events.
Meanwhile, the US Super Tuesday, in which primary elections were held in several states, ended up with former President Donald Trump standing up victorious against his rival Nikki Haley, who announced she will suspend her presidential campaign. Across the Republican primaries, Haley won just 43 of the Republican delegates, while Trump won 764. On the Democratic party front, President Joe Biden led the voting, with no surprises on that front.
Meanwhile, the US Super Tuesday, in which primary elections were held in several states, ended up with former President Donald Trump standing up victorious against his rival Nikki Haley, who announced she will suspend her presidential campaign. Across the Republican primaries, Haley won just 43 of the Republican delegates, while Trump won 764. On the Democratic party front, President Joe Biden led the voting, with no surprises on that front.
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