- Analytics
- News and Tools
- Market News
- EUR/USD to experience a bout of weakness until more forceful change in stance from the Fed – NBF
EUR/USD to experience a bout of weakness until more forceful change in stance from the Fed – NBF
EUR/USD staged a comeback in November. Economists at the National Bank of Canada analyze the pair’s outlook.
Tough times ahead
Although some participants would point to certain improvements on the data front and comments from the central bank as underpinnings for the recovery, the common currency has been buoyed by a sell-off in USD.
The perspectives for the Eurozone remain tepid to say the least and we continue to believe the ECB will front run the Federal Reserve for rate cuts. As such, the currency is expected to experience a bout of weakness until we get a more forceful change in stance from the Fed.
© 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
