Forex Today: Markets recovered their optimism, but will it last? By ValBednarik EURUSD CentralBanks Gold Ukraine Inflation
Financial markets shrugged off fears, at least temporarily by the end of Wednesday. Demand for the greenback receded, although it ended the day mixed across the board. It was quite a busy day, with inflation-related concerns temporarily returning to the table.
The EUR/USD pair recovered from a multi-month low of 1.1058 and trades around 1.1130, heading into the Asian opening. GBP/USD finished the day with gains around 1.3380 after falling to 1.3270. The CAD appreciated against the greenback, with the pair currently trading at around 1.2650. AUD/USD surged to 0.7300, helped by upbeat Australian Q4 GDP figures.soared amid the Eastern Europe war. The OPEC+ agreed to raise oil output by 400k BPD in April, but the announcement fell short of cooling prices. The barrel of West Texas Intermediate is currently at around $110.80.
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