EUR/USD Bears Eye Deeper Pullback as Oil Prices Keep Climbing | Investing.com
With the Strait of Hormuz remaining shut, oil shipment is restricted, which is helping to underpin oil prices and the US dollar, while undermining the euro and other currencies that are negatively correlated to oil volatility. Stagflation concerns are weighing on risk appetite more broadly today. The EUR/USD's trend will only improve from here in the event of a surprise…
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