The euro extended its early New York session's uptrend against the dollar in mid-morning deals on Tuesday, hitting above the key 1.34 level after a gap of nearly 4-months.
The euro rose as high as 1.3407 against the dollar, a level not seen since February 20. The next upside target for the euro-buck pair is seen around the 1.3435 area.
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Forex News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.