• EUR/USD to experience a bout of weakness until more forceful change in stance from the Fed – NBF

Noticias del mercado

13 diciembre 2023

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.

 

Enfoque del mercado
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Abrir cuenta demo y página personal
Entiendo y acepto la Política de Privacidad y estoy de acuerdo con que mi nombre y datos de contacto sean procesados por TeleTrade y utilizados para contactarme en lo referente a: