Currency Buzz: EUR/USD Heads Back To Parity Amid Mounting US-China Tensions

2 Aug 2022 , 01:29 PM

Euro fell back after a brief revival on Monday amid weakening risk sentiment over US-China tensions. According to media reports, US House Speaker Nancy Pelosis potential visit to Taiwan could cause a major foreign policy disturbance, as China has warned that its military wont sit idly by if she made a trip to the island nation. The dollar is also seen regaining its safe haven flows ahead of U.S. House of Representatives Speaker Nancy Pelosis impending visit to Taiwan, impacting most of the riskier currencies. The dollar index that measures the greenback against a basket of currencies is currently higher by 0.10% at 105.44, also its first revival in five days. EUR/USD is quoting near parity at $1.0233, down 0.27%. GBP/USD is also lower by 0.38% at $1.2203. Powered by Commodity Insights