EUR/USD extends risk-off slid into key support territories – by fx_ross EURUSD DollarIndex China Fed
An inverse head & shoulders could be in the making.is down some 0.29% falling to a low of 1.0354 from a higher of 1.0496. Risk currencies, such as the Euro are under pressure as protests against COVID restrictions in China weighed on market sentiment.
''Europe's biggest fragility stems from the political front, as well as a renewed flaring up of the energy crisis or new Covid-19 outbreaks next winter. Upside risks to the growth outlook arise from pandemic-related private savings buffers, fiscal measures and accelerated investment spending.'' Bullard also said that a ''tight labour market gives us a license to pursue disinflationary strategy now.''
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