EUR/USD remains offered and breaks below 1.1200 By pabspiovano EURUSD Currencies Majors
The dollar remains strong and weighs on the pair.Sellers remain in control of the shared currency and dragEUR/USD is down for the third session in a row on Friday, always on the back of the solid demand for the greenback, which remains in turn underpinned by the persistent risk aversion.
The move lower in spot came in tandem with renewed weakness in yields of the key 10y German Bund, now gyrating around the 0.16% area as the demand for bonds remain firm. Across the pond, PCE and Core PCE are due followed by Durable Goods Orders, Personal Income/Spending and the final Consumer Sentiment gauge.risk appetite
: Asymmetric economic recovery post-pandemic in the euro area. Speculation of ECB tightening/tapering later in the year. Presidential elections in France in April. Geopolitical concerns from the Russia-Ukraine conflict.So far, spot is losing 0.14% at 1.1175 and faces the next up barrier at 1.1323 followed by 1.1390 and finally 1.1395 . On the other hand, a drop below 1.1106 would target 1.1100 en route to 1.1000 .
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Western ‘Megadrought’ Is the Worst in 1,200 YearsThe searing “megadrought” that has gripped the southwest U.S. for more than two decades is the driest 22-year period in at least 1,200 years. The region hasn’t seen a more severe drought since the start of the scientific record around the year 800.
Read more »
EUR/USD slumps to monthly low near 1.1200 as Russia-Ukraine war beginsEUR/USD bears attack 1.1200, down 0.75% intraday near 1.1210 as Russian forces play their role to shake global markets, as already feared by the West.
Read more »
EUR/USD reclaims the 1.1200 figure post-printing a YTD low at 1.1106 as Russian's invasion to Ukraine remainsEUR/USD reclaims the 1.1200 figure post-printing a YTD low at 1.1106 as Russian's invasion to Ukraine remains By christianborjon EURUSD Majors Macroeconomics Sentiment Ukraine
Read more »
Euro Forecast: EUR/USD Gains Facing Russian and USD Month End RisksEUR/USD continues to hold onto the 1.13 handle with the recent break below failing to inspire in much the way of a follow through. Get your market update from JMcQueenFX here:
Read more »
EUR/JPY pares intraday losses, still well offered below 129.00 mark amid risk-offEUR/JPY pares intraday losses, still well offered below 129.00 mark amid risk-off By HareshMenghani EURJPY RiskAversion RussianFederation Currencies ECB
Read more »
What you need to know when trading EUR/USDWhat you need to know when trading $EURUSD, with forexcrunch – Register now for this Premium webinar, starts in less than 20 minutes: forex trading
Read more »