EUR/USD adds to recent losses below the 1.1000 mark By pabspiovano EURUSD Currencies Majors
The dollar regains composure on inflation, risk-off trade.The European currency comes under extra selling pressure and dragsEUR/USD keeps looking to Ukraine for direction
The German cash market, in the meantime, sees yields of the key 10y Bund trading a tad lower following Thursday’s multi-week high in levels past the 0.30% mark. Data wise in Germany, final figures showed the CPI rose 0.9% MoM and 5.1% YoY in February. Across the pond, all the attention will be on the preliminary US Consumer Sentiment print for the month of March.EUR/USD could not sustain the ECB-induced uptick to the area past 1.1100 the figure, sparking instead a corrective leg lower in tandem with the resurgence of the sentiment towards the US dollar.
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