EUR/USD reclaims the 1.1200 figure post-printing a YTD low at 1.1106 as Russian's invasion to Ukraine remains By christianborjon EURUSD Majors Macroeconomics Sentiment Ukraine
ion progresses, amid a renewed upbeat market mood, portrayed by US equity indices with gains. At the time of writing, the EUR/USD is trading at 1.1207.
At the moment, the market sentiment improved. However, woes in the Ukraine – Russia conflict remain. In the Asian session, Russian President Vladimir Puttin announced that a special military operation in Ukraine was underway. Russia’s operation deployed bombers loaded with weapons, special forces and launched missiles to Ukrainian command centers.
Regarding macroeconomic data, the EU economic docket featured ECB speakers. ECB’s Stoumaras mentioned that the APP would remain until the end of 2022, while Holzman commented that the Ukraine conflict would delay the end of QE. Regarding inflation, ECB Schnabel said that it is higher than expected and broadening but emphasized it would tame under 2% in the year.
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