EUR/USD loses the grip and challenges 1.1300 ahead of ECB By pabspiovano EURUSD Currencies Majors
The dollar remains bid amidst persistent risk aversion.The single currency sheds further ground and forcesEUR/USD looks to geopolitics, risk aversion
In addition, the focus of attention remains on the short end of the yield curve in both the US and German cash markets as important drivers of the pair's price action, particularly folllowing the last FOMC and ECB events. In the meantime, German 10y Bund yields keep correcting lower following recent tops, widening at the same time the spread differential vs. its American peer, which remains another source of weakness for the pair at the beginning of the week.
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