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May 14 - 04:55 AM
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EUR/USD - Stocks And Oil Continue To Pull EUR/USD In Opposite Directions
By Jeremy Boulton — May 14 - 02:36 AM
• AI enthusiasm continues to lift stocks encouraging broader will to gamble
• EUR/USD close to peak of 1.0125-1.2084 rise unfolding alongside stocks
• Crude oil has risen $36 per barrel during Middle East conflict
• Higher oil prices weigh currencies of nations importing, support exporters
• Despite oil's rise EUR/USD little removed from its level before Iran war
• EUR/USD is stuck at the 1.1746 centre of 2026's 1.2084-1.1409 range
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EURUSD
(Jeremy Boulton is a Reuters market analyst. The views expressed
are his own)
Source:
London Stock Exchange Group | Thomson Reuters