Euro! Don't Fall Again - Kakiforex.com - Financial Market Media No. 1 in the World Euro! Don't Fall Again Euro! Don't Fall Again

April 21, 2021

Euro! Don't Fall Again

 The greenback dollar returned green as the market entered the European session, in line with the increase exhibited by 10 -year U.S. treasury yields at 1.58%.


At the time of writing, the dollar index which measures the strength of the greenback dollar against a group of major currencies traded up around 91.30.


The rise of the US dollar caused the euro to struggle to maintain its position above the price of 1.2000.


European Union (EU) regulators have given approval to use the Johnson & Johnson vaccine, even after the United States suspended the use of the vaccine due to the issue of side effects of blood clots to recipients.



While the pound traded flat, holding around 1.3930 amid positive US dollar trading.


UK inflation data published at the start of the European session, showed a modest increase in the consumer price index (CPI) in March at 0.7% from 0.4% previously, but strayed slightly below market expectations for a 0.8% increase.


Broadly speaking, developments on the current pandemic situation are among one of the factors causing risky sentiment today and prompting investors to be more cautious.


India reported 1,761 deaths from Covid-19, the highest daily number ever recorded so far, while Canada tightened sanctions due to a sharp increase in cases.