Analysts at Citibank point out that escalating US-China tensions risks and US political uncertainties weighed on the US dollar. According to them, the slide of the US Dollar index below 96 supported the euro. Key Quotes: “EA ‘break-up’ risk premia has now markedly been reduced. The key inflection point for EA risk premia was the good news on the EU recovery fund. Euro denominated risk assets have traded much more robustly. Besides, the ECB also upsized and lengthened its PEPP to defend its mandate. It is synchronised monetary and fiscal support that have proven to yield the most “positive“ results during the recovery, favoring EUR.” “EURUSD has finally got a weekly close over the 200w MA for the first time since June 2019, this break coming with an impulsive rally. Good resistance at 1.1419-22 has also given way decisively, opening up the way for a test of 1.1815.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Oil Price Analysis: WTI spikes past $41 again but $41.40 has been sticky in the past FX Street 3 years Analysts at Citibank point out that escalating US-China tensions risks and US political uncertainties weighed on the US dollar. According to them, the slide of the US Dollar index below 96 supported the euro. Key Quotes: “EA ‘break-up’ risk premia has now markedly been reduced. The key inflection point for EA risk premia was the good news on the EU recovery fund. Euro denominated risk assets have traded much more robustly. Besides, the ECB also upsized and lengthened its PEPP to defend its mandate. It is synchronised monetary and fiscal support that have proven to yield the most “positive“ results… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
