The EURUSD after attack in Israel of the terrorist group Hamas on October 7th 2023

 

The EURO and the USD after attack of terrorist group Hamas to Israel on October 7th 2023





After the awful events of the attack of the terrorist group Hamas to Israel. The relation EURO - US DOLLAR has been into a normal range without dangerous events up to the first days of November.

The behavior of the EURUSD currency pair has been relatively stable since the terrorist attack in Israel on October 7th, 2023. The pair has traded in a range between 1.00 and 1.05, with a slight downward bias. This is likely due to a combination of factors, including the ongoing conflict in Ukraine, the rising cost of living, and the prospect of central bank tightening.

In the immediate aftermath of the attack, the EURUSD pair fell sharply, but it quickly recovered and has since traded in a relatively narrow range. This suggests that the market has not been overly concerned about the impact of the attack on the global economy.

However, there are some potential risks to consider. If the conflict in Ukraine escalates or if the global economy weakens further, the EURUSD pair could fall below 1.00. Additionally, if central banks tighten monetary policy too aggressively, this could also weigh on the pair.

Overall, the behavior of the EURUSD currency pair since the terrorist attack in Israel has been relatively stable. However, there are some potential risks to consider, such as the ongoing conflict in Ukraine, the rising cost of living, and the prospect of central bank tightening.


Comments