EUR/USD holds steady amid USD weakness – Danske Bank
Source Fxstreet
EUR/USD remains stable in the 1.13-1.14 range, Danske Bank's FX analysts report.
All G10 currencies gain against the USD in April
"So far in April, the US Dollar (USD) has weakened against all G10 currencies, with the Euro (EUR) up more than 5% — notably in an environment where CHF, JPY, and gold have appreciated by 4-7% against the USD."
"We discuss how US Treasuries have recovered ground alongside broader risk sentiment. While the future of their reserve asset status will likely remain a key topic in the coming weeks, we highlight that their convenience yield has been absent at the long end of the curve since 2016."
"Overall, while policy uncertainty may have peaked, we view the recent relief rally as fragile and continue to favour buying EUR/USD on dips."
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
BNB price is rising from the $580 support zone. The price is now consolidating gains above $600 and might aim for more gains in the near term. BNB price is attempting to recover above the $615
Algorand (ALGO) and Bitcoin Cash (BCH) prices stabilize around $0.22 and $368, respectively, at the time of writing on Tuesday, following a rally of over 4% the previous day.
An analyst has suggested that Monero (XMR) could repeat its 2021 cycle-high amid its recent price jump. However, a renowned on-chain sleuth has linked the surge to suspicious Bitcoin (BTC)
Solana started a fresh increase from the $142 support zone. SOL price is now consolidating and might climb further above the $155 resistance zone. SOL price started a fresh increase above the $140
Top gainers Virtuals Protocol, Floki, Hyperliquid: Altcoins extend gains alongside BitcoinThe cryptocurrency market sustains a market-wide bullish outlook at the time of writing on Tuesday, led by Bitcoin (BTC) and select altcoins, including Virtuals Protocol (VIRTUAL), Floki, and Hyperliquid (HYPE).
The cryptocurrency market sustains a market-wide bullish outlook at the time of writing on Tuesday, led by Bitcoin (BTC) and select altcoins, including Virtuals Protocol (VIRTUAL), Floki, and Hyperliquid (HYPE).
Related Instrument
