EUR/USD retreats towards 1.0350 amid risk aversion ahead of EU inflation, Fed’s Powell – by anilpanchal7 EURUSD ECB Fed Inflation Coronavirus
Concerns surrounding Russian oil price cap, China’s Covid conditions weigh on the prices.Risk catalysts are the key ahead of inflation numbers, Fed Chair Powell’s speech and the US jobs report.remains pressured around 1.0380, after beginning the week’s trading with a downside gap, as the risk-off mood underpins the US Dollar’s demand during Monday’s Asian session.
Additionally, weighing on the EUR/USD prices could be the looming concerns over the bloc’s push for a price cap on Russian energy exports. That said, the talks among the members of the Group of Seven Nations and the European Union continue to drag on the Russianprice cap. As per the latest updates, the $65 per barrel is the sticking point as discussions are likely to resume on Monday.
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