EUR/USD stays bid above 1.0900 and looks to geopolitics By pabspiovano EURUSD Currencies Majors RussianFederation Ukraine
The better tone in the risk complex helps the upside in spot.The upbeat mood in the risk-associated space motivatesEUR/USD keeps the attention on the Russia-Ukraine dispute
The upside in the pair also remains propped up by the moderate rebound in yields of the German 10y Bund to new monthly highs near the 0.15% area, all against the backdrop of the generalized bounce in yields in the global cash markets. Absent data releases in the euro area and minor publications in the NA session should leave all the attention to the upcoming ECB event and US inflation figures, both due on Thursday.EUR/USD managed well to regain upside momentum and reclaim the area above the 1.0900 barrier. The European currency is expected to remain under heavy pressure for as long as the Russia-Ukraine conflict lasts along with the persistent, altogether bolstering the “flight-to-safety” environment.
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