- EUR/USD is oscillating in a narrow range below 1.0800 following the footprints of the USD Index.
- Russia-Ukraine tensions have renewed again as it is planning to station tactical nuclear weapons in neighboring Belarus.
- Investors have cheered the consideration of the expansion of the emergency lending facility to small US banks.
The EUR/USD pair is displaying a back-and-forth action below 1.0800 in the Tokyo session. The major currency pair has turned sideways following the footprints of the subdued US Dollar Index (DXY), which is struggling to extend upside despite upbeat preliminary S&P Global PMI and expansion of financial support for mid-size United States banks.
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