The fall in inflation in the euro zone below 1% has rekindled speculation about a further ECB rate cut, notes Commerzbank.
"As a result next week’s ECB meeting has gained added significance for EUR-USD. Should policy speculation be fuelled further in the press conference after the event, the euro might depreciate notably," CB projects.
In the table below, Commerzbank outlines its expectations for next week's trading ranges and bias for EUR/USD, and a selection of other currency pairs.
0 commentaires:
Enregistrer un commentaire