EUR/USD accelerates losses and drops to the 1.0920 region – by pabspiovano EURUSD Currencies Majors
EUR/USD faces renewed downside pressure in response to the resurgence of theThe movement of the euro's value is expected to closely mirror the behaviour of the US Dollar and will likely be impacted by any differences in approach between the Fed and the ECB with regards to their plans for adjusting interest rates.
: Continuation of the ECB hiking cycle. Impact of the Russia-Ukraine war on the growth prospects and inflation outlook in the region. Risks of inflation becoming entrenched.So far, the pair is losing 0.64% at 1.0921 and faces the next contention level at 1.0909 seconded by 1.0831 and finally 1.0795 . On the flip side, the surpass of 1.1095 would target 1.1100 en route to 1.1184 .Information on these pages contains forward-looking statements that involve risks and uncertainties.
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