By Jeremy Boulton — Jul 18 - 02:30 AM
There is a 90% chance the ECB makes no changes to interest rates
Little change is expected between U.S. and eurozone rates in long-term
A rate gap of around 1.5% is likely to hold until the end of next year
Option suggest no big movement anytime soon - one-month vol 5.1
EUR/USD is only 70 pips above centre of last year's range
last year's ranges was 2nd quietest on record, this year quieter
Time and place to establish EUR/USD carry trades approaching nL1N3J90AS
Source:
Refinitiv IFR Research/Market Commentary