Euro is losing its bullish potential and may soon retest its recent lows EUR EURUSD $EUR $EURUSD
ents dented investors’ mood. The Russia-Ukraine conflict shows no signs of receding after the fourth round of peace talks broke down without any agreement. Moscow keeps shelling Ukrainian cities, and the number of civilian casualties is on the rise. International sanctions on Russia have pushed Foreign Minister Lavrov to declare that they do not want to ever depend on the West again, somehow steepening the crisis.
At the same time, the US reported the February Consumer Price Index, which hit a multi-decade high of 7.9% YoY as expected. The core reading surged to 6.4%, also as anticipated by the market. The figures had put speculative interest on guard over an even more aggressive US Federal Reserve.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
EUR/USD Forex Signal: Euro Pressured as Recession Risks RiseThe EUR/USD pair continued its bearish trend in the overnight session as risks of a European recession rose.
Read more »
EUR/USD Forex Signal: Volatility Expected Ahead of ECBThe EUR/USD pair rebounded sharply on Wednesday and on Thursday morning as a risk-on sentiment spread in the market.
Read more »
EUR/USD to stay below 1.12 even with a resolution of Ukranian conflict – ScotiabankPrice action over the past 48 hours or so has looked more constructive for the EUR on hopes for progress in conflict resolution. Although EUR/USD has
Read more »
EUR/USD Forecast: Risk mood to drive euro's action on ECB dayEUR/USD has registered impressive gains on Wednesday on renewed hopes for a de-escalation of the Russia-Ukraine conflict. The pair stays relatively qu
Read more »
EUR/USD: Ukraine risks prevail, bears eye a move lower to test 1.0950 despite the ECBEUR/USD: Ukraine risks prevail, bears eye a move lower to test 1.0950 despite the ECB By ross_burland EURUSD Technical Analysis Ukraine DollarIndex ECB
Read more »
EUR/USD: Recent bounce is on borrowed time – TDSAn consensus-CPI print has helped the European Central Bank (ECB) hawkish message on QE resonate. But economists at TD Securities think EUR's 'elevate
Read more »