EUR/USD 1.15138
-0.211%
Gold 4676.00
-1.726%
Oil 103.832
10.230%
USD/JPY 159.633
0.024%
GBP/USD 1.31935
-0.245%
GBP/JPY 210.577
-0.197%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
April 4th - April 4th marked the first day of the Qingming Festival holiday, with peak periods for mass tomb-sweeping activities across the country. According to statistics from the Ministry of Civil Affairs, on April 4th, a total of 66,300 funeral service institutions nationwide provided on-site tomb-sweeping services, with 377,600 staff members participating in service support. Throughout the day, they received 19,289,300 visitors and 4,572,200 vehicles. Among them, 12,099,600 people chose green and low-carbon tomb-sweeping methods, accounting for 62.73% of the total on-site visitors. 857 online tomb-sweeping platforms served 266,200 online visitors.Authorities say Russia attacked a market in Nikopol, a frontline city in Ukraine, killing five people and injuring 19.Israel Defense Forces: A missile launched from Iran has been detected heading towards Israeli territory. Defense systems are operational to intercept the threat.On April 4, local time, the Ukrainian Presidential Press Office announced that President Zelenskyy had signed a presidential decree to implement the decision of the National Security and Defense Council regarding sanctions against relevant Russian entities and individuals. The sanctions targeting the Russian military-industrial complex include 26 individuals and 31 legal entities. The sanctions list also covers core enterprises involved in the production and maintenance of various weapons and equipment. Furthermore, the sanctions specifically target the aviation manufacturing sector.Israeli military radio: The air force has just attacked a petrochemical complex in southwestern Iran.

Despite the US Dollar's decline, EUR/USD bulls surge

Daniel Rogers

Dec 06, 2022 15:05

 EUR:USD.png

 

The US Dollar's decline has caused the EUR/USD to reach the apex of the bull cycle, which started at the end of September. The Euro has climbed from 1.0489 to 1.0507 thus far on Tuesday, up 0.12%.

 

However, since the start of the week, the US Dollar has been the main driver, and today's bid reflects little of what happened to risk appetite on Monday. Due to the unexpected expansion in the US services sector in November, many predict that the Federal Reserve will increase interest rates by a larger amount than previously predicted.

 

Following a recovery from the 104.11 bearish cycle lows in November, the DXY index, which measures the US Dollar against the US dollar, has retreated to the 105 area. As a result, the Euro declined at the start of the US session for the week as a result of a flight to safety following a decline in market optimism regarding a potential easing of COVID restrictions in China.

 

Investors' appetite for risk has increased as a result of several Chinese localities easing their COVID restrictions in what appears to be a shift toward gradual reopening as the nation approaches its fourth year of the pandemic. However, despite the partial relaxation, there are still many restrictions in place, and in some parts of the nation, new lockdowns and travel restrictions are still being enforced.


Suggestion