OMR to EUR Exchange Rates & Currency Deals

Current market bias: Bearish. Key drivers: - The European Central Bank has held interest rates, which is adding caution and could suppress euro strength. - Consumer confidence in Germany may offer some support, though it's uncertain due to geopolitical tensions. - Ongoing issues from the war in Ukraine could affect market sentiment negatively. Near-term range: The euro is likely to trade within a narrow range and may see limited movement. What could change it: Upside risks include stronger economic data from the eurozone, while downside risks stem from escalating geopolitical tensions. --- EUR to OMR shows bearish short-term bias as the ECB holds rates, indicating caution. Geopolitical tensions, including the ongoing war in Ukraine, weigh on sentiment. While consumer confidence may support, any stronger eurozone data could shift the outlook