During this session risk assets are once again under pressure, as the US Dollar appreciates against the major currencies.
The pair EUR/USD is again under bearish pressure and extends the losses of the last sessions.
At the moment, the pair is trading below its parity, also reflecting investor concerns over issues related to the risks of a complete shutdown of Russian natural gas supplies.
Daily Time Frame Chart
On the daily chart, we can see that the pair is just over 20 pips away from this year's lows.
If sellers manage to break below this zone, the bearish movement could intensify further and the euro could hit a new low this year against the US dollar.
EUR/USD, Daily time frame chart. Source: xStation
During this session, AUD is leading the gains!
Source: currency-strength.com
Henrique Tomé, XTB Portugal
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Daily summary: Oil slumps 8% supporting Wall Street, precious metals and EURUSD
USDJPY: another intervention by Japanese authorities, yen gains 1.00% 📌
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