02.06.2020 EUR/USD Daily Analysis

02.06.2020 EUR/USD Daily Analysis

European stock market pushed higher at the beginning of today, amid over a post-coronavirus economic recovery with the German market outperforming as it returns after a three-day weekend amid talk of a fresh government stimulus package Signs of economic recovery are over shadowing continued civil unrest in the US over the death of George Floyd. In addition US China maintains tension with China ordering state owned firms to stop purchases of US soybeans and pork in reprisal for President Donald Trump’s announcement that he would end special treatment for Hong Kong. The EUR/USD traded at 1.1135 flat on the day, just a little movement on Tuesday but holding near a 2-1/12- month high of $1.1154 touched on Monday.