EUR/USD unlikely to ease much below the 1.06 mark – Commerzbank EURUSD Banks
Antje Praefcke, FX Analyst at Commerzbank, does not expect the EUR/USD pair to ease much below 1.06.will receive some important information, such as the PCE index on Friday, the leading indicators as well as the labour market report and inflation data for February. All of these might push market expectations for the key rate a little further upwards and make the market more confident that the cycle will only end at 5.50%.
“I do not expect EUR/USD to ease much below 1.06, but the lower end is nonetheless likely to remain the weaker one 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. You should do your own thorough research before making any investment decisions.
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