thunderpips

Today’s Notable Sentiment Shifts

OANDA:EURUSD   Euro / U.S. Dollar
EUR – The euro spiked higher on Thursday following the ECB’s decision to phase out its APP by Q3, pushing EURUSD briefly above the 1.11 handle. However, gains were short-lived, with focus quickly turning back to the Ukraine/Russia war and its economic consequences for the Eurozone.

BK Asset Management argues the diverging economic outlooks between Europe and the US is causing the market to “price in a rate differential between the dollar and the euro .”

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