EUR/USD: Trades firmly around 1.0830 – DBS
Source Fxstreet
Jul 5, 2024 10:28
EUR/USD started July on a firm note. Markets are less nervous due to doubts about the far-right National Rally Party gaining an absolute majority, DBS Senior FX Strategist Philip Wee notes.
ECB's wait-and-see stance supports the Euro
“EUR/USD started July on a firm note, appreciating 0.9% to 1.0812 in the first four days.”
“Markets became less nervous due to doubts about the far-right National Rally Party gaining an absolute majority at this Sunday’s second round of the French elections. The risk premium denoted by the 10Y bond yield differential between French and German bonds peaked at 82 bps on June 27 and narrowed to 67 bps yesterday, its narrowest since June 12.”
“Euro was also supported by the European Central Bank’s wait-and-see stance after its first rate cut on June 6.”
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
The price of copper is affected by various of factors. You may wonder how the price of cooper will be in 2023, check out our forecast analysis.
Prioritize filling the $27,000 gap and even try higher.
The 365-day MVRV ratio suggests that this crash may be just the beginning. If the ETF is rejected before the second quarter of 2024, it could trigger a sharp correction.
The Japanese Yen (JPY) rallied to the highest level since early February against its American counterpart on Friday amid bets for an imminent shift in the Bank of Japan's (BoJ) policy stance.
Natural Gas sinks to pivotal level as China’s demand slumpsNatural Gas price (XNG/USD) edges lower and sinks to $2.56 on Monday, extending its losing streak for the fifth day in a row. The move comes on the back of China cutting its Liquified Natural Gas (LNG) imports after prices rose above $3.0 in June. It
Natural Gas price (XNG/USD) edges lower and sinks to $2.56 on Monday, extending its losing streak for the fifth day in a row. The move comes on the back of China cutting its Liquified Natural Gas (LNG) imports after prices rose above $3.0 in June. It
