FX MARKET LIKELY TO BE RELUCTANT TO TRADE EUR LOWER BEFORE ECB MEETING – COMMERZBANK
The focus of the FX market is starting to turn to the upcoming meetings of the ECB next Thursday and the Fed the following week. Economists at Commerzbank analyze what the FX market can expect from the meetings.
ECB will be cautious when it comes to the first interest rate cuts
It seems most plausible that the ECB will be cautious when it comes to the first interest rate cuts. Even if it is unlikely to deny that interest rates could fall over the course of the year, it will probably try to dampen premature expectations. Of course, it remains to be seen whether it will succeed.
There are no more data heavyweights due before the meeting. In the run-up to the meeting, the FX market is likely to be reluctant to trade the EUR lower.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
-THE END-