Euro collapses below 1.07 on fresh rally of US dollar
The EURUSD fell one full figure and probed below 1.07 level as fresh buying pushed dollar index to new three-year high above 103 barrier.
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- Bulls are taking a breather after strong rally
- High inflation and growing expectations for further rate hikes keep pound supported
- Euro remains elevated by renewed risk appetite
- USDJPY recovery gains pace but strong obstacles lay ahead
- Aussie likely to remain in red as banking crisis weighs on risk sentiment
- Near-term action remains directionless but bullishly aligned above key supports at 1.2200 zone
- Dollar keeps firm tone on persisting banking fears
- Oil prices fall on renewed fears of deepening crisis in banking sector
- Gold tests $2000 barrier again but continues to face strong headwinds here
- Yen advances further on increased safe-haven demand