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- EUR/USD to make another attempt towards 1.12 if tensions in Ukraine escalates further – Commerzbank
EUR/USD to make another attempt towards 1.12 if tensions in Ukraine escalates further – Commerzbank
Investors stay focused on geopolitics. Escalating tensions between Russia and Ukraine could drag the EUR/USD pair down towards the 1.12 level, economists at Commerzbank report.
USD, JPY and CHF to remain in demand as volatilities are rising
“Monetary policy is taking a back-seat, and risk aversion is in the driving seat. As a result, volatilities are rising and the safe havens JPY and CHF are likely to remain in demand, as will the dollar.”
“If the situation in Ukraine escalates further, EUR/USD could therefore easily make another attempt towards 1.12.”
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