President Christine Lagarde is speaking in Davos today after reiterating guidance for gradual cuts earlier this week, notes ING FX analyst Francesco Pesole.
EUR/USD is one step away from 1,050
“That resonated with what we have heard from other ECB members, even the most hawkish, and the rate cut expected next week should be accompanied by a similar message that could leave the market unmoved.”
“The EUR/USD has received another small boost from Trump’s seemingly benign comments on China tariffs. The risk premium on the EUR/USD has halved from 3% to 1.5% since January 9. “We’re not convinced the gap will close completely given the lingering uncertainty over Trump’s trade hostility against the EU. But that headline on China overnight has likely paved the way for a test of 1.0500 in the coming days.”
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
