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Euro Soars Amid Bearish Dollar Index and Escalating Oil Prices
The Euro is expected to continue rising towards 1.17, as the Dollar Index looks bearish. The USDCNY, USDJPY, and EURJPY are also seen as bearish, while the EURINR has potential to rise towards 112 in the coming days.
The US Treasury and German Yields have increased sharply, with room for further growth. The upcoming ECB meeting and US CPI data release will be crucial events to watch.
Brent and WTI crude oil prices have surged due to the escalating US-Iran conflict, potentially reaching $105-$110 and $100-$105 respectively. Gold is trading above $4300 and may rise towards $4600.