EUR/USD climbs to weekly highs past 1.1040, focus remains on Fed – by pabspiovano EURUSD Currencies Majors Banks
in light of the key ECB meeting on Thursday, where the central bank is also seen raising the policy rate by 25 bps, although there is a small possibility of a larger hike .
EUR/USD’s upside momentum keeps gathering pace and now shifts the attention to the 2023 high near 1.1100 the figure amidst persistent dollar weakness. Moving forward, hawkish ECB-speak continue to favour further rate hikes, although this view appears in contrast to some loss of momentum in economic: EMU Unemployment Rate – Germany Final Services PMI, EMU Final Services PMI, ECB Meeting, ECB Lagarde press conference – Germany Construction PMI, EMU Retail Sales.: Continuation of the ECB hiking cycle. Impact of the Russia-Ukraine war on the growth prospects and inflation outlook in the region. Risks of inflation becoming entrenched.
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