Euro is losing its bullish potential and may soon retest its recent lows EUR EURUSD $EUR $EURUSD
ents dented investors’ mood. The Russia-Ukraine conflict shows no signs of receding after the fourth round of peace talks broke down without any agreement. Moscow keeps shelling Ukrainian cities, and the number of civilian casualties is on the rise. International sanctions on Russia have pushed Foreign Minister Lavrov to declare that they do not want to ever depend on the West again, somehow steepening the crisis.
At the same time, the US reported the February Consumer Price Index, which hit a multi-decade high of 7.9% YoY as expected. The core reading surged to 6.4%, also as anticipated by the market. The figures had put speculative interest on guard over an even more aggressive US Federal Reserve.
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