EUR/USD to trade around current levels for now – Commerzbank EURUSD Banks
ECB is likely to continue moving in sync with the Fedboard the upper hand at the December meeting. Even though yesterday’s data did not provide a convincing picture of falling inflation pressure due to the heavy fluctuation of energy prices. But for now, it is quite possible that inflation might have peaked in the euro zone too. That means the ECB is likely to continue moving in sync with the Fed and also reduce the speed of its rate hikes.
“If the hawks amongst the Fed and ECB do not manage to influence market expectations significantly again there is a lot to suggest that EUR/USD will trade around current levels for now.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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