Saturday, 30 October 2021

Euro Forecast: EUR/USD Rally More Likely After Traders Ignore Dovish Lagarde

The reaction in the FX markets to last Thursday’s comments by the ECB President was odd: she was dovish, yet the Euro climbed. That suggests more near-term upside for the currency.

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...