Dollar is denied more significant gains, upside pressure in EUR/USD to dominate – Commerzbank EURUSD DollarIndex Fed UnitedStates Banks
“It might pay off to take a look at producer prices tomorrow or the PCE deflator and the labour cost index at the end of the month. Any publication that points more towards 25 than towards 50 bps on 1st February will be gratefully received by the market. On the other hand, the fact that the market has already lowered its expectations as regards the next rate step, means that most is already priced into the USD so that the effect of the data on the greenback is likely to be limited.
“Over the course of the week the subject of the debt ceiling will probably increasingly become an issue. Even though the subject is only likely to become more burning in the spring, it might nonetheless ensure that in the current Dollar-negative environment the Dollar is denied more significant gains and that the upside pressure inInformation on these pages contains forward-looking statements that involve risks and uncertainties.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
EUR/USD: current strength might not be totally sustainable – CommerzbankThe Euro is benefitting from the general USD weakness. However, economists at Commerzbank expect weaker Eurozone data, which would trigger renewed wea
Lire la suite »
EUR/USD Price Analysis: Further gains in the pipeline near termEUR/USD struggles to get extra upside traction after recording new YTD peaks near 1.0880 at the beginning of the week. Despite the ongoing indecision
Lire la suite »
EUR/USD: Ongoing pressure for gains to extend to 1.1000/50 – ScotiabankEUR/USD closed out last week strongly and will look to build on gains through the 1.0700/50 area in the coming days and weeks, economists at Scotiaban
Lire la suite »
EUR/USD Technical Analysis: Bullish StabilityLast week\u0027s trading was generally positive for the course of the exchange rate of the euro currency pair against the US dollar, EUR/USD, as it recorded gains.
Lire la suite »
EUR/USD: Scope for a move back to 1.06 on a three-month view – RabobankThe market has become very long EUR, and this exposes EUR/USD to the possibility of sharp pullbacks. Economists at Rabobank see the pair at 1.06 on a
Lire la suite »
EUR/USD to work its way back to the 1.15 area – INGEconomists at ING are revising their 2023-2024 EUR/USD profile substantially higher. 3Q and 4Q could prove trickier for EUR/USD “Bearing in mind the i
Lire la suite »