EUR/USD shows underlying resilience, supported on moderate dips for now – Scotiabank EURUSD Inflation ECB Banks
data shows inflation slowing in November. Economists at Scotiabank note that the pair is likely to remain resilient after recent price action.“Slower headline prices might provide ECB policymakers with the grounds for a slowdown in the pace of tightening – to 50bps – in Dec markets seem to be thinking but double-digit prices and stubborn core inflation will still likely worry the hawks. We look for“The EUR is managing to hold in a relatively tight range around 1.
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