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- EUR/USD will likely continue to trade between 1.13 and 1.15 in the near term, says UniCredit
EUR/USD will likely continue to trade between 1.13 and 1.15 in the near term, says UniCredit
EUR/USD will likely continue to trade between 1.13 and 1.15 in the near term, says UniCredit, as concerns about the U.S. economy and Federal Reserve policy offset eurozone economic weakness, limiting dollar gains and euro losses. At its Wednesday meeting, the U.S. Federal Reserve is likely to reaffirm "patience on rates and its data dependency," even as U.S. 4Q gross domestic product data the same day should highlight a stronger U.S. economy. On Friday, data revealing weaker eurozone inflation and slower U.S. net job creation "will probably offset each other, likely contributing to prolonging the ongoing EUR/USD deadlock," UniCredit says - via WSJ.
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