EUR – The Euro fell on Thursday as a lack of progress in peace talks between Russia and Ukraine weighed on the single currency while also boosting demand for safe-haven currencies.
Commenting on the Ukraine/Russia war with respect to the ECB, Commerzbank notes that “until the risk of an energy crisis and considerable economic effects resulting from the Ukraine war have been banished, the ECB is likely to hesitate to make a clear commitment… as a result, it will also be a while before the euro can appreciate on a sustainable basis.”
Commenting on the Ukraine/Russia war with respect to the ECB, Commerzbank notes that “until the risk of an energy crisis and considerable economic effects resulting from the Ukraine war have been banished, the ECB is likely to hesitate to make a clear commitment… as a result, it will also be a while before the euro can appreciate on a sustainable basis.”
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.