The EUR/USD pair wavered in the overnight session as investors continued to assess the impact of the hawkish Fed and ECB on the respective currencies.
Enter your emailThere is a possibility that the pair will keep rising, with the initial target being last week’s high of 1.1482.Timeline: 1-2 days.pair wavered in the overnight session as investors continued to assess the impact of the hawkish Fed and ECB on the respective currencies.AdvertisementThe US and the Eurozone have not published any important economic data this week. Therefore, the pair has moved sideways as investors digest the decisions by the Fed and ECB.
She confirmed this view on Monday when she pointed that any rate hike cycle will be gradual. Analysts expect that the bank will implement about 2 hikes later this year. Later on Wednesday, the German statistics agency will publish the latest trade numbers. Analysts expect that the country’s exports declined by 0.2% in December while imports fell by 1.5%. They see the trade deficit narrowing to about 10.4 billion euros.
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