The US dollar was able to gain some ground again in recent days. However, economists at Commerzbank expect the EUR/USD pair to recover following Thursday’s European Central Bank (ECB) meeting.

USD could receive new impetus next week

“Against the EUR, it should be difficult for the USD to make further gains for the time being since it can probably be assumed that the ECB will strike further hawkish tones at its meeting tomorrow.” 

“The USD could then receive new impetus next week, when the Fed's decision is due on Wednesday. But until then, the EUR could set the pace.”