Fundamental view: The Euro plummeted against the US dollar during the trading course of the week. The geopolitical tension and the China’s covid-19 outbreak were the major catalysts in dampening the market mood, thus Investors flocked towards the safe-haven US dollar. Talking about geopolitical tension, the Russian gas supplier Gazprom halted exports to Bulgaria and [...]
Fundamental view: The Euro traded low against the greenback during the trading course of the week. The risk aversion market sentiment and the hawkish Fed was the major catalyst behind the move, however the hawkish surprise from the ECB policymakers favored the Euro and put a cap on the bullish trend of the quote. The [...]
Fundamental view: The Euro fell against the US dollar for the second consecutive week. The key catalyst for this move is the European central Bank’s (ECB) monetary policy update since President Christine Lagarde & co announced they would introduce no changes to their monetary policy. Market was expecting for a hawkish stance and rate hike [...]
Fundamental view: Euro had a bad week against its American rival. The prospects of aggressive rate hike from the Fed Policymakers and the idea that Eastern European crisis would take long to get resolved favored the greenback. The Russian invasion of Ukraine disturbed the supply chain and the commodity prices went to multi year highs [...]
