Friday’s surge in EUR/USD followed a series of events that made it clear that progress was not being made in the trade war between the US and China. Yesterday, this sentiment shifted as President Trump said that trade talks will resume.
The Euro, being a funding currency, has been susceptible to risk and has seen fairly wild swings on the back of the recent shifts in sentiment. Perhaps this is not as clearly seen in EUR/USD as it is in other currency pairs.
The Euro, being a funding currency, has been susceptible to risk and has seen fairly wild swings on the back of the recent shifts in sentiment. Perhaps this is not as clearly seen in EUR/USD as it is in other currency pairs.