Should we keep an eye on the euro, which is rising amid geopolitical risks?

Should we keep an eye on the euro, which is rising amid geopolitical risks?

18.03.2022

U.S. currencies traded weakly yesterday, partly due to the 10-year Treasury yield remaining flat. The euro/dollar pair continued to rise, climbing from 1.100 to 1.113. From a technical perspective, the euro/dollar pair has been consolidating lower after its rally, with resistance at the 200-period EMA on the 4-hour chart. We will need to assess whether the pair will continue to rise or retest the 1.100 level.

Amid lingering concerns that Russia’s invasion of Ukraine could drag on, the euro rose against the weakening pound. The EUR/GBP pair climbed approximately 900 pips from 0.836 to this month’s high of 0.845. While the pair had been trading in a range around the 0.8395 level since the start of the month, it will be interesting to see if the upward trend that began yesterday continues.

Today, at 19:00 CET, the Eurozone trade balance will be released; at 21:30 ET, Canadian retail sales and Canadian international securities turnover will be released; at 23:00 ET, U.S. existing home sales and the U.S. leading economic index will be released; and at 25:00 ET, U.S. Fed Governor Kashkari:Minneapolis Fed President Kashkari; at 26:20, remarks by U.S. Richmond Fed President Barkin; and at 27:00, remarks by U.S. Federal Reserve Governor Bowman. I plan to keep a close eye on the direction of the rising euro while observing currency strength and weakness.

Past Market Reports

1. 22.04.2026New

   Will interest grow in the upside potential of the Swiss franc, which has risen against the yen?

2. 21.04.2026New

   With the euro-Australian dollar pair hitting new lows this month, attention is turning to how much further it might fall

3. 20.04.2026New

   Will the market wait and see how much further the U.S. dollar can rise against the yen?

4. 17.04.2026New

   Will the weakening Swiss franc recover? Attention is turning to price movements during European trading hours.

5. 16.04.2026New

   Market participants are likely keeping a close eye on the upside potential of the euro, which has risen against the U.S. dollar

6. 15.04.2026

   Should we keep an eye on remarks by key figures in the U.S. and try to gauge the direction of currency strength?

7. 14.04.2026

   Market participants are likely watching for signs of a rebound in the Canadian dollar, which fell against the U.S. dollar following the release of employment figures

8. 13.04.2026

   Will the weakening Swiss franc continue to strengthen against the yen, or should we wait and see?

9. 10.04.2026

   Will the U.S. dollar, which has fallen against the yen, continue its downward slide, or should we wait and see how the market moves?

10. 09.04.2026

    Should we keep an eye on the upside for European currencies that have risen against the U.S. dollar?