The correction in EUR/USD that began at the end of last week seems to have been very short-lived. Michael Pfister, FX Analyst at Commerzbank, analyzes
the pair’sI still doubt that the current USD strength will last. On the one hand, some indicators certainly suggest that interest rate hikes are taking effect. On the other hand, various central banks have recently argued that the transmission may be delayed. If this is true, and if it becomes apparent in the coming weeks that the scenario of an extremely robust US economy might gradually weaken, the strength of the Dollar should also diminish.
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.
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