EUR/USD finished lower on Tuesday despite a bounce from the ZEW survey of German investors, which returned to levels last seen in early 2022. ING economists analyze the pair's outlook ahead of the FOMC meeting.
The important people of the ECB speak today
Most likely, positioning ahead of the FOMC meeting is dominating and the dollar is playing a bit of catch-up with last week's short-term rate hike.
From the Eurozone, today we have five speeches from the European Central Bank. Among them, Christine Lagarde, Isabel Schnabel and Philip Lane. A repeat of the message that more data is needed before the ECB can seriously consider a rate cut at the June meeting is expected.
EUR/USD Likely at Risk of Heading to 1.0800 Area Ahead of FOMC.
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.
