Forex
Euro Eyes 1.17 as Dollar Index Falters Amid Global Market Volatility
The Euro may continue to rise towards 1.17 as the Dollar Index looks bearish, according to FXStreet's morning briefing.
Other currencies are mixed in their performance: USDCNY, USDJPY, and EURJPY look bearish, while EURINR can rise towards 112 in the coming days.
The Aussie and Pound are looking bullish for the near term, with a strong uptrend in USDINR that rose above 95 yesterday and may see an initial decline to 94.50 before resuming its medium- to long-term trend.
The US Treasury and German Yields have risen sharply, with room to rise further from here. Key events to watch include the ECB meeting outcome today evening and the US CPI data release tomorrow.