Euro Dollar - What's Driving Risk Appetite and Risk Comms?

The war premium had certainly been an overwhelmingly bearish driver for the euro this year. I kind of feel that we're approaching a time where the market is kind of learning to live with the war negative headlines and the negative impact that it is having on the currency seem to be fading a little bit. The third point I would mention here, and this is something that's only been kind of in focus in the past two weeks for Europe anyway, and that's the China reopening story. So there was speculation that that could happen sooner than expected. They seen the euro doing extremely well on the back of that in recent session and last week. And I think that whatever you believe, certainly the