- Analytics
- News and Tools
- Market News
- EUR/USD to drift lower on another negative shift in risk sentiment
EUR/USD to drift lower on another negative shift in risk sentiment
EUR/USD has staged a rebound after having slumped to its weakest level since June 2020 near 1.1100 on Thursday. Is the euro selloff over already? According to FXStreeet’s Eren Sengezer, it is too early to say whether or not the pair is out of the woods yet as investors gear up for another volatile day amid the ongoing Russia-Ukraine war.
ECB President Lagarde will assess the impact of the Russia-Ukraine war on policy
“Several news outlets report that Russia is planning to make a move toward Kyiv. In that case, the euro could face selling pressure and EUR/USD could turn south. Furthermore, the west could introduce additional sanctions if that were to happen and allow safe-haven flows to dominate the markets ahead of the weekend.”
“A relief rally could sweep the markets if Russia were to agree to hold off the attack and look for a diplomatic solution. As it currently stands, this seems to be a very distant possibility.”
“If Lagarde adopts a hawkish tone by noting that they will prioritize battling inflation, the common currency could stay resilient against the dollar. On the other hand, the euro could come under renewed bearish pressure in case the ECB decides to postpone policy normalization to support the economic activity.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
