The EUR/USD pair moved sideways as investors watched the upcoming negotiations on Ukraine in Turkey and the performance of the bond market.
Enter your emailThe EUR/USD will likely remain in this range as investors reflect on geopolitics and the American consumer confidence data.Timeline: 1-2 days.pair moved sideways as investors watched the upcoming negotiations on Ukraine in Turkey and the performance of the bond market.Turkey and Russia Negotiations
Also, the Ukrainian president said that he will be open to a deal on neutrality. Still, it is early to determine whether the two sides will reach an agreement. The performance of the bond market is likely because of the Federal Reserve, which has signalled that it will deliver more rate hikes this year. Indeed, the Fed Chair has hinted that the bank will deliver several 0.50% rate hikes this year.
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