EURUSD has a downward trend

Oct 9, 2023

The U.S. dollar rises as capital flows into the safety of the U.S. currency following Hamas's attack on Israel, analysts say. "The escalation of the tension sent a panic into the financial markets on Monday open," Ipek Ozkardeskaya, senior analyst at Swissquote Bank, says in a note. However, it is difficult to predict the extent of the price action on geopolitical shocks, she says. The EUR/USD trades 0.3% lower at 1.0557.