- Analytics
- News and Tools
- Market News
- EUR/USD to struggle climbing back above 1.10 unless positive news from Ukraine – Commerzbank
EUR/USD to struggle climbing back above 1.10 unless positive news from Ukraine – Commerzbank
The trade in EUR/USD was lacking momentum on Monday. Economists at Commerzbank expect the shared currency to continue to struggle in absence of a ceasefire in Ukraine.
ECB might struggle with sounding more hawkish due to economic concerns
“As long as the European Central Bank (ECB) continues to seem quite hesitant in particular compared with a number of other central banks that is unlikely to help EUR much.”
“As long as the war in Ukraine continues and the risk of further sanctions remains in place the ECB might struggle with sounding more hawkish due to economic concerns.”
“Unless there is positive news from the negotiations between Ukraine and Russia, EUR will continue to struggle climbing back above the 1.10 mark against USD on a sustainable basis.”
© 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
