EUR/USD should continue to feel at ease in the area around 1.09 – Commerzbank EURUSD ECB Fed Banks
I have my doubts as to whether Powell will be able to convince the markets today and tomorrow, he would have to go out on a limb as regards the next FOMC meetings. However, as the Fed is increasingly navigating by sight, he will want to avoid any impression that the Fed is committing in advance. Miracles do happen though.
At the moment the ECB seems to be the more convincing hawk. That means that EUR/USD should continue to feel at ease in the area around 1.09.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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