EUR/USD has again failed to make a decisive move to 1.10+ this week, in line with our expectations, ING’s FX analysts Francesco Pesole notes.
EUR/USD to move towards 1.07
“This FOMC announcement can give some breathing space to dollar-denominated assets and stabilise the greenback by keeping dovish expectations relatively capped. 1.07 is more likely than a break above 1.10 as the next big directional move for EUR/USD as US tariffs regain dominance in April. But the path to a EUR/USD decline won’t be a smooth one.”
- EUR/USD holds previous losses ahead of US Consumer Sentiment data
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- GBP: March rate cut likely following BoE decision.
- Gold stalls intraday bounce from sub-$4,800 levels amid firmer USD; traders await US data
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