Fundamental view: The Euro has fallen a bit during the course of the week, reaching down towards the 1.17 level before bouncing on Thursday as traders closed out their positions heading into the Easter weekend. The dollar peaked on Wednesday, as US Treasury yields reached late on Tuesday a fresh over one-year highs, with the yield on [...]
Fundamental view: Euro showed a bearish trend against greenback in the previous week. Europe's worsening covid conditions and another upcoming US infrastructure boost have put pressure on the Euro. COVID-19 cases are increasing in the old continent, and it has been weighing on the euro. After Italy and France imposed new restrictions on most of their [...]
Fundamental view: Euro kept surfing yields’ waves, and the greenback was the winner. Euro is trading around 1.1900 levels in the previous week. The Central banks are taking different stances on soaring yields. On Wednesday, the US Federal Reserve had a monetary policy meeting, and the policymakers maintained the current policy unchanged as it was anticipated [...]
Fundamental view: The Euro went back and forth during the course of this week. In this week, The ECB decided to maintain rates and leave quantitative easing unchanged, as expected but announced it would significantly step up the pace of bond-buying to grant financial stability. Governmental support and ultra-loose central banks’ policies are still short of boosting economic growth. Amidst [...]
