The euro is trading down against the Dollar. This latest drop in the currency’s value might be attributable to the war in Ukraine and potential disruptions to energy supply lines.
Against the backdrop of stock market volatility across the globe and a hawkish turn on the part of the Federal Reserve, the Dollar neared 18-month highs against other major currencies last week. Several diverse factors could determine whether this trend will hold over the near term.
Japanese assets, including the nation’s currency and stocks, are seen to be pressured by exceptional inflation amid surging energy costs, which has the potential to leave a strong impact, considering the country is an energy importer.
Investors in the common currency and European benchmarks will have a week filled with data, but policy decisions by ECB President Lagarde could be the catalyst for volatility.
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