EUR/USD: Weak US CPI to fuel more gains – Scotiabank EURUSD ECB CPI Banks
holds gains above 1.0750 as markets position for weak US data. Thus, economists at Scotiabank expect the pair to extend its advance.“Policymakers continue to suggest that ‘significant’ rate hikes are appropriate in the months ahead which will backstop the EUR.”
“Spot is establishing a foothold above the 1.0750 area which should be a platform for more gains – if the CPI is as weak as markets expect.”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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