The EURUSD is trading at around 1.09, recuperating from a fresh multi-month low of 1.0805 as mounting tensions related to the Russia-Ukraine conflict keep market players rushing into safety. The US dollar soared at the weekly opening, particularly against its European rivals, but edged lower against Gold, which touched the $2,000 price line.
The tone improved moderately mid-European session on headlines indicating that top Russian and Ukrainian diplomats will meet in Turkey next Thursday. Nevertheless, European indexes trade in the red while government bond yields remain subdued as nobody expects an end to this conflict soon.
On the economic data front, the EU published March Sentix Investor Confidence, which suddenly contracted to -7, much worse than the 5.3 expected and down from 16.6 in February. The US will not release any data today, and in fact, the macroeconomic calendar will remain quite limited until Thursday, when the European Central Bank will announce its decision on monetary policy, and the US will publish February inflation figures
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