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Back Fundamental analysis
The Dollar Fails to Strengthen Further
EUR/USD plunged to its lowest level
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EUR/USD plunged to its lowest level since late July amid the worsening political crisis in Germany, the increased likelihood of tighter monetary policy by the Federal Reserve, and renewed interest in U.S. assets. However, the approaching UN summit, optimism about the resumption of diplomatic efforts to resolve the conflict in the Middle East, and the upcoming meeting between Donald Trump and Xi Jinping could improve global risk appetite and put pressure on the U.S. dollar as a safe-haven asset. According
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Marek Petkovich,
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