EUR/USD remains offered below the 1.1100 mark, looks to Ukraine, Powell By pabspiovano EURUSD Currencies Majors
The dollar stays bid on persistent risk aversion.The single currency remains mired in the negative territory and motivatesEUR/USD weaker on geopolitics, dollar strength
The relentless advance of the Russian forces into Ukraine amidst the unabated escalation of the military conflict continues to sustain the investors’ preference for the safe haven universe ahead of the start of another round of “peace” talks between both parties in Belarus later in the European midday.
In the domestic docket, final February Services PMI in Germany ticked higher to 55.6 and the EMU print improved to 55.5. In addition, the Unemployment Rate in the bloc drifter lower to 6.8%, bettering consensus. trends for direction. On this, the recent deterioration of the Russia-Ukraine front is expected to keep the pair under pressure amidst solid risk-off sentiment and demand for the dollar.
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