Euro Climbs Amid Risk Appetite
21 Marzo 2023 - 9:51AM
RTTF2
The euro advanced against its major counterparts in the European
session on Tuesday amid risk appetite, as fears over a banking
crisis eased, and investors awaited the Federal Reserve's
interest-rate decision.
The Fed kicks off its two-day meeting today, with markets
expecting a 25-bps rate hike on Wednesday.
The focus will be on Fed Chair Jerome Powell's forward guidance
and dot-plot projections, especially in light of the recent banking
turmoil.
UBS' state-backed acquisition of Credit Suisse eased some of the
concerns about a global banking crisis and triggered demand for
riskier assets.
German bond yields rose, with the yield on the 10-year Bund
touching 2.421 percent.
Data from Eurostat showed that Eurozone construction output
rebounded sharply in January and at the fastest pace in nearly two
years amid robust growth in both building construction and civil
engineering.
Construction output rose 3.9 percent month-on-month in January,
reversing a 2.3 percent fall in the previous month.
The euro appreciated to a 5-week high of 1.0780 against the
greenback, 6-day high of 142.55 against the yen and an 8-day high
of 1.7398 against the kiwi, from its early lows of 1.0703, 140.41
and 1.7134, respectively. The euro may locate resistance around
1.11 against the greenback, 145.00 against the yen and 1.76 against
the kiwi.
The euro firmed to a 5-day high of 0.8796 against the pound and
near a 3-week high of 0.9978 against the franc, off its early lows
of 0.8725 and 0.9942, respectively. The next possible resistance
for the euro is seen near 0.90 against the pound and 1.05 against
the franc.
The euro jumped to 1-week highs of 1.4724 against the loonie and
1.6132 against the aussie, following its prior lows of 1.4638 and
1.5940, respectively. Next immediate resistance for the euro is
seen around 1.51 against the loonie and 1.65 against the
aussie.
U.S. existing home sales for February are scheduled for release
in the New York session.
Grafico Cross Euro vs US Dollar (FX:EURUSD)
Da Nov 2024 a Dic 2024
Grafico Cross Euro vs US Dollar (FX:EURUSD)
Da Dic 2023 a Dic 2024
