The euro has initially fell a bit during the trading session on Wednesday, but it looks like it’s trying to stabilize overall as we are just below the crucial 1.09 level.
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Very knowledgable, thank you. After both central banks have discussed the possibility of eventually cutting interest rates when the time is right, is it fair to say that the ECB appears a little more hawkish than the Fed, potentially spurring a bull run. However my opinion is the increase in global risk sentiment and the escalation of conflicts in the middle east have spurred traders to go towards the safe haven currencies, hence the bearish momentum on the EUR/USD. Is this fair analysis?