Euro trades higher with hopes of dialogue as Ukraine retreats from NATO membership and ready to compromise. Investors were also hesitant to sell the euro ahead of a European Central Bank policy meeting on Thursday. Upbeat prints of German Industrial Production (IP) for January favors the Euro bulls, However Ukraine- Russia crisis eyed. Euro [...]
EUR/USD falls following headlines surrounding the Ukraine crisis. More sanctions have been imposed on Russia for its invasion of Ukraine, along with Western leaders extending weaponry aid. Geopolitical tension being the major catalyst, Euroland inflation data and second tier US data are also eyed. Euro plummeted during starting day of the week amid escalating [...]
EUR/USD dropped after confirmation of Putin’s recognition of breakaway Ukrainian regions which triggered fears of further escalation. US President Joe Biden has signed an executive order to prohibit trade and investment between US individuals and the two breakaway regions of eastern Ukraine. Federal Reserve sentiment favors the US dollar and adds pressure to the Euro. [...]
The risk of Russia invading Ukraine weighs on Euro and favors the safe haven US dollar. The soaring inflation reading of last week also weighs on the market sentiment, favoring the safe haven - USD. European Central Bank’s (ECB) Olli Rehn warned that overreaction to inflation by the central bank could stem the economic growth. [...]
