EUR/USD slides to new 2021 lows at 1.1524

EUR/USD is sliding during the New York session, downward pressured 0.23%, trading at 1.1526. The single currency is trading near the 2021 year lows.

The market sentiment is still under risk-off environment, portrayed by US stock indices falling between 0.15% and 0.34%.

Safe-haven currencies like the Japanese yen and the Swiss franc are losing against most G8 currencies, probably on the back of the carry trade.

Meanwhile, the US Dollar Index, which tracks the USD’s performance against a basket of six rivals, progresses by 0.18%, at 94.54, reaching a new one and ½ yearly high.

Factors like Inflationary pressures mainly spurred by high energy prices, supply shortages, and a drop in consumer confidence keep investors alert. Tuesday’s last price is 1.1526.