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May 12 - 05:55 AM

EUR/USD - Falls To Lowest Level Since 2017 Amid Risk Aversion

By Rob Howard  —  May 12 - 03:45 AM
  • EUR/USD drops to 1.0444 EBS low amid demand for safe-haven currencies

  • 1.0444 is lowest level since Jan 2017 (1.0340 was EBS low that month)

  • Demand for safe-haven currencies, including USD, fuelled by risk aversion

  • European stocks slump after Wednesday's rout on Wall Street nL3N2X41NG

  • Cryptocurrencies, including ether, down sharply nL5N2X42QCnL2N2X4098

  • Safe-haven yen gains outpace USD gains, with USD/JPY sub-129 nL2N2X40H3

EURUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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