Fundamental view: The Euro fell to the fresh 2021 low of 1.1890 this week. The dollar was supported across the board following comments from the head of US Federal Reserve Jerome Powell. In interview on Thursday, Powell repeated that the outlook is becoming more positive but remarked that “sustained” progress toward the Fed goals on [...]
Fundamental view: The Euro shot higher during the course of the week to reach towards 1.22 level before falling. Long-term US Treasury yields soared, while shorter-term ones also a made a progress, although to a lesser extent. Bonds were sold off in anticipation of higher inflation and prospects for massive stimulus boosted spending. The market has already [...]
Fundamental view: The Euro has fallen a bit during the course of the week but then turned around to wake up yet again. The Euro has ended the week where it started, in the 1.2130 price zone, and while it expanded its weekly range. Investor’s attention is centered on US Treasury yields, as long-term ones soared to one-year [...]
Fundamental view: The EUR bounced against greenback in the previous week and reached 1.2149 but was unable to hold on to gains above the 1.2100 figure. The advance is related to the dollar self-weakness. The American currency fell off investors’ radar after the release of a tepid Nonfarm Payroll report, maintaining its sour tone throughout the week. [...]
