Fundamental view: The Euro had largest weekly gain since March 2020 and reached fresh 2022 high of 1.1483. The Major currency pair was following the uptrend since the starting of the week due to broad US dollar weakness and soared after the ECB meeting. US Central bank policymakers diluted expectations of a hefty 50 basis [...]
Fundamental view: The Euro traded low against the greenback and the pair reached to a weakest level of 1.1120 on Friday, which was last seen in June 2020. The US dollar was trading high since the start of the week but rallied after the US Central bank monetary policy announcement. Federal bank has meet the [...]
Fundamental view: The Euro fell hard during this week. The quote EUR/USD lost the most on Tuesday when government bond yields raised to levels last seen in February 2020. The benchmark 10-year US Treasury bond yield surged to its highest level at 1.89% which helped the greenback preserve its strength mid-week. Amidst Yields surge, other [...]
Fundamental view: The Euro rose against the greenback this week after a fall of last week. The Consumer Price Index was confirmed at 7% YoY in December, its highest since 1982. The high inflation due to disruptions in supply chain as pandemic blew in the year beginning caused the inflation to rise which in turn [...]
