EURUSD might climb 5% if (large if) Russia Ukraine ceasefire is adopted by fuel provide enhance
EUR/USD might rise as a lot as 5% if a Ukraine ceasefire is agreed adopted by the resumption of fuel provides
- A possible ceasefire between Russia and Ukraine appears extra probably.
- Trump and Russian President Vladimir Putin reportedly agreed to begin negotiating an finish to the struggle in Ukraine.
- will depend upon the main points of any settlement
- resumption of lower-cost fuel provides, if in any respect, will probably be a smaller proportion in comparison with earlier than Russia invaded Ukraine in 2022
However:
- euro is in danger from US commerce tariffs, and whereas the US economic system stays sturdy
- “A ceasefire wouldn’t imply European’s structural issues will disappear.”
This text was written by Aaron Cutchburt at www.ubaidahsan.com.
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