$EURUSD - The general trend is still bearish and the breach of the psychological support 1.1300 will reinforce the position of the bears to move further downwards. forextrading UkraineCrisis UkraineConflict RussiaUkraine
Enter your emailrate benefited significantly when the European Central Bank indicated in February that a significant shift in its monetary policy may be in the pipeline, and potential differences with the Fed's policy process could eventually help the pair's recovery.
Commenting on this, Zack Bundle, FX analyst at Goldman Sachs says, “The implementation of negative rates in 2014 led to widespread outflows from European fixed income markets and a significant underperformance of the euro, beyond what can be explained by changes in spreads and oil prices. . Likewise, an exit from negative rates may help stem continued outflows of fixed income and support the currency.
And before the ECB raises interest rates, it will first have to finish both of its quantitative easing programs and decide what to do about the trillions of eurozone government bonds that have been raised by them during the pandemic as well as over the years since 2015.
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