Regional risks that are getting more serious and the European energy crisis continue to put pressure on the EUR. I think that these risks are not transitory in the short term and even if the invasion is over, Europe needs a relatively long time to solve its -homemade- energy crisis.
On the other hand, strong expectations that the FED will start rate hikes and the strengthening employment market in the USA causing a rally in DXY. Long story short, I believe the EUR will continue to depreciate against the USD in the medium and long term.
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