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Dollar slips again on Kremlin news- EUR/USD lifts above 1.0425
A short while ago there was another news headline surrounding a potential peace deal between Russia and Ukraine. That was a headline suggesting that Ukraine will be having talks with Russia over the matter. This news came directly from the Kremlin, but it cannot be verified here. Nevertheless, it sent the dollar lower versus Europe once again. The GBP/USD has reclaimed the 1.25 handle on this news and the EUR/USD has jumped back above 1.0425. However, in that sense it has not yet broken any fresh ground. In order to do that it will need to rise above 1.0440. That may or may not happen, but given the price action over the past 24 hours and the reaction to all that has unfolded across the markets, it would come as little surprise to see the Euro rise further ahead of whatever Trump has to deliver on tariffs this evening. Maybe that prospect will keep a lid on the Euro until we know what is coming next. The EUR/USD is right now at 1.0429
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