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EUR/USD May Target 2022 Low as US Readies New Round of Russian Sanctions
The Euro is well off its March low versus the US Dollar, but upside movement has stalled, and bulls do not appear anxious to resume buying in the short term. The conflict in Ukraine continues to rage on, and the fight for Mariupol is under close watch. Meanwhile, the United States is reportedly readying another package of Russian sanctions. Those sanctions, while aimed at Russia, have spillover effects on the global economy. Unfortunately for the Euro, Europe is one of the largest recipients of those negative effects. Bank of France Governor Francois Villeroy, on Tuesday, said the war in Ukraine would drag on growth ... (full story)