Fundamental view: The Major currency plummeted against the greenback and has hit a low of 1.0885, the lowest level since May 2020 in this week. The War acted as the main driver in the drop of the pair. Leaders from all the West’s nations have asked President Vladimir Putin to put a halt to the [...]
Fundamental view: The Euro fell against US dollar and reached its lowest level since June 2020 on Thursday in this week and recovered just modestly ahead of the weekly close. The risk off market mood due to Russia invaded Ukraine, launching a massive military attack made the US dollar to soar. According to US intelligence, [...]
Fundamental view: Euro dropped against the US dollar but traded within a tight range during trading course of the week. Ukraine – Russia Saga was dominant factor in the financial market which also weighed on the perceived riskier asset Euro. During this week, Market sentiment was sour with multiple Russia – Ukraine headlines weighing on [...]
Fundamental view: The US dollar struggled to recover against its rival Euro, however it partially succeeded in earisng some of its losses of previous week.. Post ECB’s announcement favored the Euro this week. Inflation and the Central bank’s reaction towards it, are the major catalysts in the market now. Stronger than expected CPI data favored [...]
