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S3E15: Dollar loses steam after EUR/USD falls below parity
Manage episode 346451005 series 3413702
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The main talking point has been the move below parity in EUR/USD for the first time since December 2002. The pair teetered on the brink of parity for a couple of sessions, before falling fairly comfortably below it on Thursday. A divergence in natural gas prices across the Atlantic was largely to blame for the move, with last week’s hotter-than-expected US inflation report enough to drive the pair through the key psychological level.
We have, however, seen a recovery in the euro since then, with EUR/USD moving back above the 1.02 level on rising bets in favour of a 50 basis point interest rate hike from the European Central Bank when it meets on Thursday.
Upcoming webinars:
- Tech in finance
Liked this show? Please leave us a review here – even one sentence helps!
88 episodes
Manage episode 346451005 series 3413702
We’de like to hear from you! Provide us with feedback so we can improve the podcast: https://linktr.ee/fxtalk
The main talking point has been the move below parity in EUR/USD for the first time since December 2002. The pair teetered on the brink of parity for a couple of sessions, before falling fairly comfortably below it on Thursday. A divergence in natural gas prices across the Atlantic was largely to blame for the move, with last week’s hotter-than-expected US inflation report enough to drive the pair through the key psychological level.
We have, however, seen a recovery in the euro since then, with EUR/USD moving back above the 1.02 level on rising bets in favour of a 50 basis point interest rate hike from the European Central Bank when it meets on Thursday.
Upcoming webinars:
- Tech in finance
Liked this show? Please leave us a review here – even one sentence helps!
88 episodes
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