Fundamental analysis
28 April, 2022
During most of European trade, the euro continued to sink against the dollar. It seems that after the "retirement of the yen", only the dollar (and the Swiss franc) remained as a "safe haven" in the world of globalized finances. Russia has suspended the export of natural gas to Poland and Bulgaria because the two countries have not fulfilled their obligations in rubles. The EU also continues to worsen overall relations with Russia in the long run - economically, politically and diplomatically. New moves in that direction are possible this week, so the euro remains under long-term pressure. Hawkish positions of the creators of monetary policy in the United States, on the need for a rapid and decisive increase in interest rates, give strength to the US dollar. At around 13:30, the euro was exchanged for 1.0490 dollars, which represents a weakening of the common European currency by 0.59% since the beginning of trading last night.
