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May 26 - 07:55 AM

EUR/USD - Is Unlikely To Move Much In The Short-Term

By Jeremy Boulton  —  May 26 - 05:50 AM
  • EUR/USD is trapped between divergent pulls ECB/Fed policy

  • ECB meets June 9 and is expected to make big changes

  • Fed meets Jun 16 and is expected to hike 50bps

  • Fed will start to reduce balance sheet from June 1

  • Until there's news from ECB or Fed EUR/USD likely confined tight ranges

  • Two key factors; trend firmly down, traders long

  • After this pause there's a high probability downtrend resumes

  • Risk aversion is core to recent developments nL2N2XI0CY

EURUSD Click here

Refinitiv IFR Research/Market Commentary


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