EUR: Peace breather and ECB expectations support – Commerzbank

Commerzbank notes that the Dollar is selling off as risk sentiment improves, with the Euro rising close to 1.17 against the Dollar following the ceasefire news. Commerzbank notes that the Dollar is selling off as risk sentiment improves, with the Euro rising close to 1.17 against the Dollar following the ceasefire news. The bank highlights that an extended… Commerzbank notes that the Dollar is selling off as risk sentiment improves, with the Euro rising close to 1.17 against the Dollar following the ceasefire news. Commerzbank notes that the Dollar is selling off as risk sentiment improves, with the Euro rising close to 1.17 against the Dollar following the ceasefire news. The bank highlights that an extended ceasefire would make an April ECB rate hike unlikely and sees the €STR curve’s previously aggressive pricing as a backdrop for bullish steepening in Euro rates.Dollar weakness lifts single currency"Brent slides to $95, US Treasuries bull-steepen with 10y… For traders, releases like this can quickly shift rate expectations, currency direction, index futures and broad risk sentiment. Watch the next move in the dollar, front-end yields and index futures to see whether the market prices this release as a true surprise or only a passing headline.