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Dec 09 - 09:55 AM

EUR/USD: Busy Week Ahead With Multiple Potential EUR/USD Drivers - Danske

By eFXdata  —  Dec 09 - 08:31 AM

Danske Research discusses EUR/USD outlook around next week's ECB December policy meeting. 

"For EUR/USD, the ECB meeting will conclude a busy week that also includes US CPI and the FOMC meeting. Overall, we do not expect a ‘hawkish 50bp hike’ will leave a big impact on EUR/USD, but it depends on the momentum heading into the meeting," Danske notes.

"The market may feed off a hawkish ECB, if US CPI inflation drops again and the Fed comes across as dovish and sends EUR/USD to new highs. Vice versa, higher US CPI inflation may turn around momentum in EUR/USD, send it back down and leave the ECB meeting less relevant," Danske adds.

Danske Research/Market Commentary


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