EUR/USD Bounce Hits a Wall of Fed Hawks and French Finances
The EUR/USD forecast hinges on U.S. CPI after five straight weekly losses, with hawkish Fed bets and a fully priced ECB rate hike weighing on the euro.
Written by
Fawad Razaqzada
Market Analyst
The EUR/USD forecast hinges on U.S. CPI after five straight weekly losses, with hawkish Fed bets and a fully priced ECB rate hike weighing on the euro.
Fawad Razaqzada, StoneX Media Market Analyst, explains how the five-week downtrend, U.S. inflation data and crude oil prices shape the euro and U.S. dollar outlook.
With CPI expectations well defined, a meaningful surprise is needed to trigger a strong dollar move. Crude oil prices and bond yields remain key dollar drivers as Middle East military activity remains high, while French government finances weigh on the single currency.
This content was created by an affiliate of FOREX.com and represents the views and opinions of the author/speakers, not the views and opinions of FOREX.com, StoneX Group Inc., or its subsidiaries. The content has not been independently reviewed by FOREX.com.
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