Fundamental view: The Euro showed recovery against the greenback after reaching to a fresh low of 1.1523 in 2021. After the last week’s uptrend, American dollar gave up ground although the shared currency was among its weakest rivals. This week, the dollar showed strength on expectations that the US Federal Reserve will start tapering its [...]
Fundamental view: The Euro has fell against greenback in this week reaching to a fresh low of 1.1528 as the world struggles to overcome the pandemic. Resuming of the economic activity has faced hurdles and supply chain disruptions since the recovery is very uneven across the globe. The soon to come tapering has benefited the US [...]
Fundamental view: The EUR/USD has ended the week with a year lowest level. Demand for the US dollar is supported by comments from US Federal Reserve chief Jerome Powell. Fed head Powell noted that supply chain issues could lead to a longer interval of higher inflation, calling the latter “frustrating” and seeing it running into [...]
Fundamental view: Euro has lost some ground against the greenback this week. This week started with the news of Ever Grande crisis the largest Chinese property. Evergrande, was at risk of default, which could result in a disruption of the entire country’s financial system. Meanwhile, The US Federal Reserve had a monetary policy meeting and [...]
