EUR/USD Tests Risk Appetite as Big Tech Selloff Spreads
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Amazon shares sliding on FTC allegations of hidden ad-fee surcharges is rippling beyond equities, feeding a broader risk-off tone that's showing up in EUR/USD price action. When mega-cap tech names wobble, safe-haven dollar demand typically firms, capping upside attempts in the pair even absent fresh eurozone catalysts.
The regulatory overhang adds another layer of uncertainty to U.S. corporate earnings resilience, a factor global FX desks weigh when gauging dollar strength independent of Fed policy signals.
Watch whether equity volatility stabilizes; a calmer tape would likely ease pressure on EUR/USD and allow the pair to refocus on eurozone-specific drivers.