The shared currency keeps the smile for yet another session and pushes EUR/USD to fresh multi-day highs in the 1.2180 area. EUR/USD advances for the fourth consecutive session so far on Tuesday. The persistent upside remains underpinned by the unabated decline in the greenback despite the firm note in US yields as of late.
The euro and the rest of the risk complex keep the buying interest intact, always on the back of rising hopes of a strong bounce in the global economic recovery, which are in turn sustained by imminent extra fiscal stimulus in the US, the reflation trade, and the vaccine rollout.