- Analytics
- News and Tools
- Market News
- EUR/USD unlikely to ease much below the 1.06 mark – Commerzbank
EUR/USD unlikely to ease much below the 1.06 mark – Commerzbank
Antje Praefcke, FX Analyst at Commerzbank, does not expect the EUR/USD pair to ease much below 1.06.
Euro is likely to keep up quite well
“The Fed will receive some important information, such as the PCE index on Friday, the leading indicators (ISM index) as well as the labour market report and inflation data for February. All of these might push market expectations for the key rate a little further upwards and make the market more confident that the cycle will only end at 5.50%.”
In case of strong data, the Dollar might therefore appreciate a little further, but as expectations have also risen that the ECB might get into a similar situation, i.e. that its cycle will take longer and will go further, the Euro is likely to keep up quite well.”
“I do not expect EUR/USD to ease much below 1.06, but the lower end is nonetheless likely to remain the weaker one for now.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
