EUR/USD: Bears keep the upside attempt limited around 1.0220, ECB in sight – by pabspiovano EURUSD Currencies Majors ECB
The ECB will release its Accounts later in the session.clings to the so far modest gains around the 1.0200 region on Thursday.EUR/USD bounces off lows in the 1.0160 region, an area revisited for the first time since December 2002 on Wednesday.
In the German money market, the 10y bund yields gather some traction and leave behind two daily drops in a row in the wake of the opening bell in Euroland. Indeed, the pair’s price action remains depressed and keeps closely following rising speculation around a probable recession in the region, dollar dynamics, geopolitical concerns, fragmentation worries and the Fed-ECB divergence.: Fragmentation risks. Kickstart of the ECB hiking cycle in July? Asymmetric economic recovery post-pandemic in the euro bloc. Impact of the war in Ukraine on the region’s growth prospects and inflation.So far, spot is up 0.08% at 1.0189 and a breakout of 1.
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