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BoA expect EUR/USD to remain weak until there is a shift in the Fed's stance

Remarks for analysts at Bank of America on the euro, the Federal Reserve and the European Central Bank:As long as global and especially US inflation remain high, EUR/USD is likely to stay weak, with further downside potential during the inevitable hard landing. A sustained rally in EUR/USD would require a shift in the Federal Reserve's stance, while for now, the carry trade is also exerting downward pressure on the EUR. While non-USD EUR crosses can remain strong, further upside may be limited... Read More

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Expect

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Forex

Posted: Jun 8 2023, 21:08

Author Name: forexlive

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